Finance Friday
Ranora Daily - Your daily source for reliable market analysis and news.
Market Overview
Local News
FCMB recorded N111.9bn profit before tax in 2024 – NGX
United Capital pays N9bn dividend - Punch
Manufacturers regaining confidence as forex stabilises – MAN
FG seeks fresh $10.50m W’Bank loan - Punch
eTranzact International Posts N5bn Pre-tax Profit in 2024 - Thisday
Essaadi: Foreign Exchange Volatility to Persist in 2025 - Thisday
Global News
Global Recession Trade Engulfs Wall Street on Tariff Retaliation - Bloomberg
Dollar gains vs euro, pares losses vs yen after US payrolls data - Reuters
Japanese stocks in bear market as banks slump on tariff jitters - Reuters
Oil Sinks to Four-Year Low on OPEC Supply Boost, Tariff Turmoil - Bloomberg
Nasdaq 100 Races Into Bear Market as Trump Tariffs Spark Rout - Bloomberg
Stocks, oil plunge again as China hits back after Trump tariffs - Reuters
Indices, Commodities & Currencies
Nigeria Sectoral Indices Preformance
Events
Investment Tip of the Day
Look for breakouts—when a stock moves above resistance or below support with high volume, it may signal a strong trend. Confirm with volume spikes, a possible retest of the breakout level, and the RSI indicator (above 70 = overbought, below 30 = oversold). Always wait for confirmation and use stop-loss orders to manage risk.