Champion Breweries stocks are up by more than 58% in just six trading sessions amid expectations of MTO and by Heineken.
This week we provide insight into why Champions Breweries, Ardova Petroleum and Japaul Gold & Ventures all made positive gains in the market last week.
Sixty (60) equities appreciated at price during the week, higher than fifty (50) equities in the previous week.
At press time, the Brewery stock was trading at N1.12, printing a gain of 9.80% and with a market valuation of about N8 billion.
Courteville Business Solutions, Jaiz Bank, Champion Breweries, Transcorp and Oando made up the list of top gainers on the bourse today.
Nigerian Breweries Plc, International Breweries, and Champion Breweries have decried the N35.8 billion spent as excise duties in the country, calling the Federal Government to slash the rate.
@oando_plc maintains the top spot on @nairametrics watchlist for the second week running.
@neminsuranceplc was the worst performing stock this week declining by 13.14% to close at N2.05
@chams_plc led the best performing stocks on the @nsecontact for the trading week ended May 31st, 2019.
Thomas Wyatt Plc led the gainers this week on the Nigerian Stock Exchange (NSE) appreciating by 24%.