NGX ASI rises 1.71% as Nigerian Breweries returns to profit
The NGX ASI closed at 1,657.43, up 1.7084%, while the market also posted a weekly gain of 1.71%, according to the market bulletin. Nigerian Breweries returned to profitability and signaled a stronger outlook despite macroeconomic pressures, reports Marketing Edge, while Punch Newspapers says the company is strengthening operations against macro risks. MTN Nigeria secured global certifications in IT and governance, The Nation Newspaper reports. In stocks, NAHCO and TRANSEXPR jumped 10% over the week, while DANGSUGAR rose 6.2% in 5 days and Aradel gained 10% on 5.56 billion naira of turnover, according to analyst notes.
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