{"id":7081,"date":"2024-10-23T10:53:22","date_gmt":"2024-10-23T10:53:22","guid":{"rendered":"https:\/\/www.ubagroup.com\/57-marina\/?p=7081"},"modified":"2024-10-23T10:53:24","modified_gmt":"2024-10-23T10:53:24","slug":"icymi-follow-the-money-with-ugodre","status":"publish","type":"post","link":"https:\/\/www.ubagroup.com\/57-marina\/icymi-follow-the-money-with-ugodre\/","title":{"rendered":"ICYMI: FOLLOW THE MONEY WITH UGODRE"},"content":{"rendered":"\n<p><span style=\"font-family: 'Roboto', sans-serif;font-size: 14pt\">On this week\u2019s episode of <em>Follow the Money with Ugodre <\/em>brought to you by Africa\u2019s Global Bank, UBA Plc, your trusted source for all things finance, we\u2019re talking about the rollercoaster ride investors have been on. While some are facing losses, others are cashing in big. But first, let\u2019s address the elephant in the room\u2014inflation. It\u2019s shot up to a staggering 32.7% in three months, thanks to the recent petrol hike, which is hitting wallets hard. The ripple effect is being felt across the market, with rising prices and shifting consumer habits.<\/span><\/p>\n\n\n\n<p><span style=\"font-family: 'Roboto', sans-serif;font-size: 14pt\">But it’s not all doom and gloom. United Capital has defied the odds with a whopping 131.6% profit surge. How did they manage such a feat in these turbulent times, and what could this mean for you as an investor?<\/span><\/p>\n\n\n\n<p><span style=\"font-family: 'Roboto', sans-serif;font-size: 14pt\">Now, let\u2019s talk about the market\u2019s performance for the week ending Friday, October 18th. Despite inflation concerns, the market managed to end on a positive note, up by 0.47%. Equities rose by 47 basis points, with consumer goods, industrial, and oil and gas stocks in the green. The consumer goods index was up by 1.42%, oil and gas increased by 1.08%, and industrial stocks rose 0.4% week on week. However, it wasn\u2019t all good news as banking and insurance stocks declined, with drops of 0.51% and 1.25% respectively. But overall, the market remained strong, with capitalisation closing at \u20a659.43 trillion.<\/span><\/p>\n\n\n\n<p><span style=\"font-family: 'Roboto', sans-serif;font-size: 14pt\">You can watch this week\u2019s episode <a href=\"https:\/\/www.youtube.com\/watch?v=Blgz4xuZasM\">here<\/a> or on Spotify. Better still, keep a date every Monday morning from 8 to 8:30 on Classic FM 97.3.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On this week\u2019s episode of Follow the Money with Ugodre brought to you by Africa\u2019s Global Bank, UBA Plc, your trusted source for all things finance, we\u2019re talking about the rollercoaster ride investors have been on. While some are facing losses, others are cashing in big. But first, let\u2019s address the elephant in the room\u2014inflation. […]<\/p>\n","protected":false},"author":221,"featured_media":6828,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lion-king"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ICYMI: FOLLOW THE MONEY WITH UGODRE | UBA Lion King Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ubagroup.com\/57-marina\/icymi-follow-the-money-with-ugodre\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICYMI: FOLLOW THE MONEY WITH UGODRE\" \/>\n<meta property=\"og:description\" content=\"On this week\u2019s episode of Follow the Money with Ugodre brought to you by Africa\u2019s Global Bank, UBA Plc, your trusted source for all things finance, we\u2019re talking about the rollercoaster ride investors have been on. 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