Page 11 - Breweries Plc News Today

Punch Newspapers Sections ’Femi Asu Investors lost N30bn on Monday as the Nigerian stock market started the month on a negative note amid profit-taking, ending a five-day gaining streak. The market capitalisation of equities listed on the Nigerian Stock Exchange had risen by 3.44 per cent last week as the market continued its upward trend for five consecutive trading sessions. Investors gained over N1tn in January as the market capitalisation rose to N22.19tn on Friday from N21.06tn at the st...

By Goddy Egene The stock market surged further yesterday with the Nigerian Stock Exchange (NSE) rising 1.21 per cent to close at 41,584.94 as companies begin to release their unaudited financial results for the year ended December 2020. Apart from the benchmark index that appreciated, market capitalisation added N259.4 billion to close at N21.8 trillion. Similarly, activity level advanced as volume and value traded rose 40.5 per cent and 110.8 per cent to 467.9 million shares and N5.6 billion r...

Goddy Egene writes that given the gains being recorded in the equities market, discerning investors could invest in stocks to hedge against the rising inflation rate the hit 15.8 per cent in December 2020 Last week the National Bureau Statistics (NBS) released the consumer price index report, which showed that the headline inflation rose to 15.8 per cent in December 2020. The inflation rate, which was an increase from the 14.9 per cent recorded in November, 2020, was said to be the highest leve...

Goddy Egene The stock market rebounded last week recording a gain of N552 billion after declining in the first week of the year. After posting a record growth in 2020, profit-taking by investors made the market close with a decline of 0.37 per cent in the Nigerian Stock Exchange (NSE) All-Share Index (ASI) and N78.7 billion in market capitalisation in the first week. However, the market recovered in the second week with the market capitalisation adding N552 billion to close at N21.530 trillion ...

Goddy Egene The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 billion to close at N21.4 trillion. Also, volume and value of trading rose 72.9 per cent and 27.9 per cent respectively to 809.4 million shares a...

Naija247news.com is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Goddy Egene Investors staked N7.51 billion on 2.13 billion shares in 4,558 deals yesterday at the stock market as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares exchanged for N2.184 billion in 6,090 deals the previous day. Champion Breweries Plc was the most traded stock by volume and value at 1.91 billion shares and N4.95 billion respectively. The sustained bullish trend lifted the Nigerian Stock Exchange (NSE) All-Share ...

WFP Zambia Country Brief, November 2020 Format US$ 0 six-month (December 2020 – May 2021) net funding requirements 168,105 people assisted in November 2020 Operational Updates In November, WFP assisted 168,105 people, of which 14,667 were refugees from the Democratic Republic of the Congo and 104,730 people impacted by COVID-19. Additionally, WFP reached 20,500 people through its nutrition initiatives and supported 28,208 smallholder farmers through its resilience strengthening activities. As...

Punch Newspapers Sections Ife Ogunfuwa Nigeria Breweries Plc has invested N5bn in a new automated PET line for packaging non-alcoholic drinks. Speaking at the unveiling of the ultra-modern packaging line in Ijebu-Ode Brewery on Thursday, the Governor of Ogun State, Prince Dapo Abiodun, expressed belief that the investment would bring immense economic opportunities to the state. He said the expansion of the brewery would boost the Gross Domestic Product of the country. The governor expressed joy...