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

• FG suspends food imports duty, partners states on farming

• Nigeria's NNPC seeks new oil-backed loan to boost finances

• Fuel Queues Resurface, As NNPCL Blames Logistics, Flooding

• Dangote Refinery Will Commence Petrol Production In July, Official Insists

• FG Releases ₦1.2tn To 17 Ministries For Capital Projects

Global

• Shares post patchy performance ahead of Powell testimony

• Paris Games to buoy French economic growth in 2024, says INSEE

• India inflation seen up in June due to soaring vegetable prices: Reuters poll

• Global gold ETFs saw second month of inflows in June, says WGC

• Dollar gains as Fed's Powell cautious on rate cuts

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Events

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Investment Tip of The Day

Index funds offer a simple and efficient way to achieve broad market exposure and diversify your portfolio. These funds track a specific index, such as the S&P 500, replicating its performance by holding the same stocks in the same proportions. By investing in an index fund, you benefit from the overall growth of the market and reduce the risks associated with individual stock picking.

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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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