Trading Tuesday

Ranora Daily - Your daily source for reliable market analysis and news.

Data

Local

Global

*Data as of 4pm WAT

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News

Local

• Naira strengthens to 1,339.33/$ at official market

• SEC to unveil recapitalisation framework for banks

• FBN Holdings Maintains Impressive Performance, Posts N238.53bn PBT in Q1 2024

• Nigeria Secures $30bn Investment Commitment In One Year

• Naira devaluation: PenOp appeals for offshore investment of pension funds

• Naira Firms as Central Bank Sells Dollars Amid Liquidity Concern

Global

• US house price inflation slows in March, FHFA says

• Pound Nears Multi-Year Highs as Traders Turn Bullish on Currency

• ECB Says Consumer Inflation Expectations Declined in April

• Stocks making the biggest moves premarket: GameStop, Nvidia, Airbnb, Viking and more

• Stock trade settlement moves to single day as GameStop mania underscores need for faster transactions

• Cryptoverse: Miners trudge through post-halving world

• Dollar firm ahead of global inflation data

• Asia markets gain at the start of data-heavy week as China industrial profits rise

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Events

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Investment Tip of The Day

Explore opportunities in the circular economy. The circular economy aims to minimize waste and maximize the use of resources by designing products for longevity, reuse, and recycling. Look for companies involved in recycling technologies, waste management solutions, and sustainable product design. Additionally, consider investing in firms that specialize in remanufacturing, refurbishing, or leasing products instead of selling them outright. As environmental concerns continue to grow, businesses that embrace circular economy principles are well-positioned to benefit from shifting consumer preferences and regulatory changes. Investing in the circular economy not only supports sustainable practices but also offers potential for long-term growth in a rapidly evolving market.

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Disclaimer: The information contained in this report is intended for informational purposes only and should not be considered as investment advice. The information is obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed.

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