Wealth Wednesday

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

• SEC approves extension of Access Holdings rights issue

• Filling stations shut as depots battle fuel shortage

• 109 senators earn N1.4bn annually

• FG to lose N188bn on food import waiver – Customs

• External Reserves Decline by 0.68% After CBN Projection

Global

• Dollar pares losses after US inflation data

• New Zealand delivers first rate cut in over 4 years and flags more easing

• Ukraine posts trade deficit of $13.6 bln in Jan-June, statistics service says

• Oil prices tick down after surprise rise in US crude stockpiles

• Trump loses third bid for judge to step aside in hush money case

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Events

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Investment Tip of The Day

Incorporate defensive stocks, such as those in the utilities, healthcare, and consumer staples sectors, into your portfolio to enhance stability, especially during economic downturns. These companies provide essential goods and services that remain in demand regardless of economic conditions, which can help protect your portfolio from market volatility.

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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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