Shares of Neimeth International Pharmaceuticals Plc have risen by over 32% in the third week of January 2025, pushing its month-to-date performance to over 50%.
The Board of Neimeth is set to raise N5 billion additional equity upon the approval by shareholders of the company at the AGM.
Market capitalization dropped to N13.136 trillion as investors lost N16.88 billion.
The Nigeria Stock Market continues to experience global financial downturn, caused by the panic that COVID 19 brought to investors.
Investors lost N403.02 billion last week, as experts attributed the development to the sell-offs witnessed in MTN Nigeria Communications Plc, Guaranty Trust Bank Plc, and Access Bank Plc.
The stock market started the week bearish as the all-share index dipped 0.26% to close at 29,552.99 index points.
