December 30, 2024/United Capital Research Global Markets: Markets closed mostly higher with outperformance in Asia Major US stock indexes produced moderate gains in the final full week of the year. The comparatively calm week began with a continuation of the rally that had begun on Friday, mostly powered by large-cap […]
Author: InvestAdvocate
FX Struggles in 2024
December 30, 2024/CSL Research In 2024, the Nigerian Naira experienced significant depreciation against the US dollar, influenced by various economic reforms and market dynamics. The Central Bank of Nigeria’s decision to float the currency in June 2023 led to increased volatility. The Naira declined to as low as N1910/US$ in […]
Equities Market Preview & Review
December 30, 2024/CSL Research The local equities market closed the holiday-shortened week in positive territory, as the All-Share Index (ASI) increased by 99bps week-on-week (w/w) to close at 102,133.30 points. This brought the Year-to-Date (YTD) return of the ASI to 36.59% with gains in two out of the three trading […]
