As we look ahead to H2:2024, it's essential to understand what has been happening in both the global and local economies and what we might expect.
In H1:2024, the economies of the United States and the United Kingdom struggled with rising prices and concerns about output. Although there has been some relief, these problems persist, with interest rates still high. In Europe and Japan, new developments have led to changes in economic policies.
Nigeria continues to face challenges such as inflation, currency issues, and security concerns, which are affecting its economic output. Despite these difficulties, sectors like Industrial Goods and Oil and Gas have boosted the Nigerian stock market, which grew by 33.81% in H1:2024. The fixed income market also saw higher returns due to tighter financial measures.
In this report, we outline our predictions for H2:2024 for both the global and Nigerian economies and offer advice for investors on how to navigate the capital market.
ARM Securities Limited is a full-service brokerage house that offers best-in-class brokerage services to local as well as foreign private and institutional investors. Formerly known as Hamilton Hammer, the Company commenced operation in 1994 and was acquired by ARM Investment Managers in 2008--an acquisition which has successfully re-positioned the company as a recognized brokerage firm in Nigeria. The Company is a dealing member of the Nigerian Stock Exchange (NSE) and is regulated by Securities and Exchange Commission (SEC). ARM Securities research team provides insightful commentaries on the Nigerian economy and its equity and debt markets using an approach which incorporates a thorough understanding of the fundamentals of the industries and companies under coverage. The research therefore adopts an integrated methodology of top-down analysis and bottom-up stock selection, which focuses on publicly quoted companies on the Nigerian Stock Exchange that are judged to offer the highest potential for earnings growth. In addition, its analysts provide periodic commentaries on a range of topical global and local issues which provide investing clients with a holistic view of the opportunities and risks in today’s financial market landscape.
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