Nigeria’s Beverage & Food Industries Achieve N10.84tn Market Cap Milestone
Sector Highlights
The combined market capitalization of Nigeria’s beverage and food industries has reached an impressive N10.84 trillion, as per trading data from the Nigerian Exchange Limited (NGX) on Wednesday. Here’s a detailed breakdown:
1. Beverage Sector: N2.06tn Market Capitalization
• Top Performers:
• Nigerian Breweries Plc.: N997.65bn.
• International Breweries Plc.: N908.77bn.
• Mixed Performance:
• Guinness Nigeria Plc.: Share price dropped by 7.47%, closing at N65.00.
• Golden Guinea Breweries Plc.: Modest contribution of N8.85bn.
• Trading Activity:
• Total volume: 3.87 million shares across 197 trades.
2. Food Products Sector: N8.04tn Market Capitalization
• Dominant Players:
• BUA Foods Plc.: N7.47tn (Largest contributor).
• Dangote Sugar Refinery Plc.: N400.85bn.
• Honeywell Flour Mills Plc.: N72.24bn.
• Challenges:
• Multi-Trex Integrated Foods Plc.: No trading activity due to operational hurdles.
3. Diversified Food Products Sub-Sector: N745.56bn Market Capitalization
• Leaders:
• Nestlé Nigeria Plc.: N693.57bn.
• Cadbury Nigeria Plc.: N51.99bn.
Key Takeaways
1. The food products sector remains the largest contributor, with BUA Foods dominating at N7.47tn.
2. The beverage sector experienced mixed results, with Guinness Nigeria’s decline offset by strong performances from Nigerian Breweries and International Breweries.
3. Operational challenges continue to affect smaller players like Multi-Trex, signaling room for improvement in sector-wide performance.
The Nigerian beverage and food industries showcase immense potential, with their robust market caps reflecting significant investor confidence in these key sectors.
Sector Highlights
The combined market capitalization of Nigeria’s beverage and food industries has reached an impressive N10.84 trillion, as per trading data from the Nigerian Exchange Limited (NGX) on Wednesday. Here’s a detailed breakdown:
1. Beverage Sector: N2.06tn Market Capitalization
• Top Performers:
• Nigerian Breweries Plc.: N997.65bn.
• International Breweries Plc.: N908.77bn.
• Mixed Performance:
• Guinness Nigeria Plc.: Share price dropped by 7.47%, closing at N65.00.
• Golden Guinea Breweries Plc.: Modest contribution of N8.85bn.
• Trading Activity:
• Total volume: 3.87 million shares across 197 trades.
2. Food Products Sector: N8.04tn Market Capitalization
• Dominant Players:
• BUA Foods Plc.: N7.47tn (Largest contributor).
• Dangote Sugar Refinery Plc.: N400.85bn.
• Honeywell Flour Mills Plc.: N72.24bn.
• Challenges:
• Multi-Trex Integrated Foods Plc.: No trading activity due to operational hurdles.
3. Diversified Food Products Sub-Sector: N745.56bn Market Capitalization
• Leaders:
• Nestlé Nigeria Plc.: N693.57bn.
• Cadbury Nigeria Plc.: N51.99bn.
Key Takeaways
1. The food products sector remains the largest contributor, with BUA Foods dominating at N7.47tn.
2. The beverage sector experienced mixed results, with Guinness Nigeria’s decline offset by strong performances from Nigerian Breweries and International Breweries.
3. Operational challenges continue to affect smaller players like Multi-Trex, signaling room for improvement in sector-wide performance.
The Nigerian beverage and food industries showcase immense potential, with their robust market caps reflecting significant investor confidence in these key sectors.