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

• NNPC reports N9.3tn petrol imports as queues linger

• BUA Foods to raise milling capacity by 3,200 tonnes

• Domestic airlines ground 42 aircraft over forex shortage

• NNPC employee benefits expenses surged 118.7% in 2023

• Supplements meant for malnourished children being diverted, sold in Sokoto – UNICEF

Global

• London's FTSE 100 inches higher as investors await US data, Fed minutes

• Rupee ends lower, logs worst single-day fall in nearly two months

• Gold in consolidation mode in run-up to US Fed minutes

• S&P 500, Nasdaq edge up after payrolls revisions

• As Democrats gather, investors gauge market impact from a Harris administration

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Events

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Investment Tip of The Day

Consider mid-cap growth stocks that have strong fundamentals but have been overlooked in the current market rally. Mid-cap companies often offer a balance between the stability of large caps and the growth potential of small caps. With many investors focusing on large-cap tech stocks, these mid-cap growth companies, particularly those in sectors like clean energy or industrials, present an opportunity for capital appreciation as they often grow faster than their larger counterparts while being less volatile than small caps.

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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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