Nigeria’s Consumer Goods Market Hits New High of N11.1bn

Nigerian Stock Exchange

Nigeria’s Consumer Goods Market Hits New High of N11.1bn

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The Nigerian Exchange (NGX) has witnessed a significant milestone, with the consumer goods sector reaching a record total market capitalization of N11.1 billion.

As of the latest trading data, the sector is experiencing increased performances across several of its companies, with beverages and food products at the forefront of this rise.

Among the standout stocks, Golden Guinea Breweries PLC, despite a price decline of 8.91 per cent, remains a player with a market cap of N8.06bn.

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Meanwhile, other major beverage companies, such as Guinness Nigeria PLC and Nigerian Breweries PLC, are holding their positions, with market caps of N168.66bn and N1.05tn, respectively.

On the food products side, BUA Foods PLC leads with a market cap of N7.47tn, followed by the market position of Dangote Sugar Refinery Plc at N443.36bn.

In the food processing segment, companies like Honeywell Flour Mills PLC and Nascon Allied Industries PLC have continued to see positive price movements, contributing to the overall market growth.

Economic Confidential reported that a total of 17 companies across various sectors have achieved a combined market capitalisation of approximately N11.22tn on the Nigerian Stock Exchange, with contributions from leading players in the consumer goods, food, and personal household products sectors.