Weekly Commentary and Stock Recommendation: 7th October – 11th October 2024
Stock Market Despite losing three (3) times, investors went home smiling as they gained NGN49.53bn, bringing the market to close positive at 0.09% week-on-week (WoW). This is following gains in SEPLAT, FIDELITY and FBNH, which offset losses in OANDO, UBA and STANBIC. Consequently, the Nigerian stock market has gained 30.54% from the beginning of the […]
Weekly Commentary and Stock Recommendation: 9th September – 13th September 2024
Earlier this week, according to the Chinese National Bureau of Statistics, China’s Consumer Price Index (CPI) rose by 0.6% YoY in August 2024 after reporting a 0.5% YoY growth in July 2024.
Weekly Commentary and Stock Recommendation: 2nd September – 6th September 2024
Global Economy Earlier this week, according to a private sector survey, the Caixin/S&P Global manufacturing Purchasing Manager Index (PMI) rose to 50.4 points in August 2024 from 49.8 points the previous month, more positive than the recent official PMI survey showing manufacturing activity extended declines in August 2024. According to the survey, which mostly covers […]
Weekly Commentary and Stock Recommendation: 26th August – 30th August 2024
Global Economy Earlier this week, the US Bureau of Economic Analysis (BEA) issued a revised GDP estimate for Q2:2024. According to the BEA, real GDP increased at an annual rate of 3.0% in Q2:2024, according to the second estimate (compared to 1.40% YoY in Q1:2024). Compared to the first quarter, the growth in real GDP […]
Weekly Commentary and Stock Recommendation: 19th August – 23rd August 2024
Global Economy Earlier this week, S&P Global released a series of Purchasing Managers’ Index (PMI) reports for the US, UK and Eurozone. The headline S&P Global Flash US PMI Composite Output Index edged down from 54.3 points in July 2024 to a four-month low of 54.1 points in August 2024. Output has now risen continually […]
Weekly Commentary and Stock Recommendation: 9th February – 16th February 2024
Global Economy In January 2024, headline inflation in the US saw a slight uptick, rising by 0.3% month-on-month (MoM), compared to December’s 0.2% MoM increase, as reported by the Bureau of Labor Statistics (BLS). However, year-on-year (YoY) inflation experienced a slight decrease, settling at 3.1%, down from December’s 3.4% YoY. The increase in inflation was primarily propelled […]
Monthly Equities Market Update | January 2024
Global Market Overview: Mixed Optimism with UK and China Downturns The global equities market continued its bullish streak in January 2024, marking its third consecutive month of positive performance. The MSCI World Index led the charge, surging 1.14% month-on-month (MoM), with other major indices following suit. However, the UK’s FTSE 100 and China’s SHCOMP bucked the […]
Weekly Commentary: 8th January – 12th January 2024
Global Economy The US Bureau of Labor Statistics (BLS) published US December 2023 CPI data earlier this week. The Headline Consumer Price Index (CPI) rose 0.3% MoM in December 2023, up from 0.1% MoM in November 2023. In December 2023, the Core Index—which excludes food and energy—rose by 0.3% MoM, remaining constant from November 2023. Several indexes saw […]
