INTERNATIONAL BREWERIES SHARE LISTING BOOSTS NGX MARKET CAP BY N599BN

Main Points:

1. Market Impact:

- The Nigerian stock market capitalization increased by N599 billion due to the listing of shares by International Breweries Plc.

- Market capitalization reached N54.047 trillion.

2. Share Listing Details:

- International Breweries listed 141.43 billion ordinary shares at N3.65 per share.

- These shares were part of a rights issue of 161.17 billion shares, with 87.75% subscribed.

- The total issued shares increased from 26.86 billion to 168.29 billion.

3. Statement Highlights:

- The listing added 141.43 billion shares to the Nigerian Exchange Limited (NGX).

- Shares are listed on the Daily Official List of NGX.

4. Market Performance:

- The All-Share Index fell slightly by 0.07% to 95,831.51 points.

- Year-to-date return moderated to 28.55%.

5. Stock Performance:

- Top gainers: Ikeja Hotel (+10%), RTBRISCOE (+9.76%), Cutix plc (+9.66%).

- Top losers: UPL (-9.40%), Oando (-8.66%), National Salt Company (-8.39%).

6. Trading Activity:

- 360.56 million shares traded in 8,813 deals, with a market value of N7.25 billion.

- Notable volume leaders: OANDO (66.2 million shares), Guaranty Trust Holding Company (45.7 million shares), CUTIX (29.4 million shares).

7. Previous Market Movement:

- The market gained N67 billion on the previous day after six days of losses.