Wealth Wednesday

Ranora Daily - Your daily source for reliable market analysis and news.

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Market Overview

Local News

• UPDC Finance Costs Reducing, Coy in Upward Trajectory - Thisday

• Nigerian Breweries names Morgan Heineken AME director - Punch

• NGX loses N116bn as market cap dips - Punch

• Stock Market Down N117bn on Profit-taking in MTN, 19 Others - Thisday

• Nascon records 77% Q1 revenue growth - Punch

• Cadbury reverses losses with N5.97bn profit - Punch

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Global News

• German economy grew by 0.2% in first quarter, skirting recession - Reuters

• European shares rise as traders weigh mixed earnings, trade jitters - Reuters

• Chinese Share Sales Shrug Off Tariffs, Outshining US and Europe - Bloomberg

• Rupee Gains to Highest This Year on Trade Deal Hopes, Inflows - Bloomberg

• Hong Kong exchange posts 37% rise to record Q1 profit as trading soars - Reuters

• Chinese Insurance Broker Yuanbao Surges 93% in New York Debut - Bloomberg

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Indices, Commodities & Currencies

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Nigeria Sectoral Indices Performance

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Events

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Investment Tip of the Day

Don’t chase hype—stick to assets with strong fundamentals. A well-researched, boring stock often outperforms the flashy pick in the long run.

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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.