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 misses IMF exchange rate listing for June

• Heritage Bank: NDIC begins refund, highest depositors to get N5m

• Strike: Flight operations resume at Lagos airport

• ₦1bn Loan Available For Businesses At 9% Interest Rate

• Afreximbank, APPO Sign $5bn Funding Document For Africa Energy Bank

• Trading continues on NGX amid strike, investors lose N103bn

• Nigeria, Ghana explore trade through waterways cargoes shipment

Global

• Global Bond Rally Validated by Soft US Job Openings Data

• ECB Rate-Cut Expectations Start to Unravel Before First Move

• S&P 500, Nasdaq dip in choppy trading after economic data

• U.S. ignored evidence major U.K. bank was helping fund sanctioned Iranian groups

• The SBA is unveiling new credit lines of up to $5 million to fund small businesses

• U.S. job openings drop in April, as labor market cools

• Oil Slides to Four-Month Lows as OPEC+ Deepens Bearish Sentiment

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Events

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Investment Tip of The Day

Buy shares in cash rich companies. When choosing investments, it’s crucial that you look at a company’s financials. One indicator of a healthy company is high cash reserves. Invest in companies with good cash reserves. A company with a strong cash position generally reward its shareholders with high dividends, bonus shares and buyback of shares. Shares of cash-rich companies face less downside risk. 

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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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