Think Thursday

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

• Tinubu To Present 2024 Supplementary Budget To NASS

• FG Announces Nationwide CNG Mass Transit Conversion Program, Gives 50% Discount

• Naira appreciates to N1,375/$ in parallel market

• NNPCL, ExxonMobil seal settlement agreement on $1.28bn asset divestment deal

• N50,000 grant: 402,283 beneficiaries get N20bn

• Court gives GTB nod to seize Afex over N17.8b Anchor Borrowers’ Loan

• Discos monthly revenue rises by N5bn amid outage

Global

• Oil Holds Steady Ahead of OPEC+ Meeting, US Inventories Report

• Fintech targeted by climate skeptics banks $37 million from likes of UBS, Commerzbank

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

• Biggest month of bond supply to test markets as rate cut bets fade

• US Stock Futures Drop as High Yields Sour Mood: Markets Wrap

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

• Stocks making the biggest moves premarket: Salesforce, Kohl’s, Foot Locker and American Eagle Outfitters

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Events

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Investment Tip of The Day

Harness the power of dollar-cost averaging (DCA) to mitigate risk and build wealth steadily. With DCA, you invest a fixed amount of money at regular intervals, regardless of market conditions. This approach reduces the impact of market volatility by spreading your investments over time, ensuring you buy more shares when prices are low and fewer when prices are high. DCA helps avoid the pitfalls of trying to time the market and promotes disciplined investing. Consider setting up automatic contributions to your investment accounts to implement this strategy effectively, fostering consistent growth in your portfolio over the long term

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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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