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Market Sheds N49bn as International Breweries Closes as Worst-Performing Stock

international breweries rights issue

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By Dipo Olowookere The Nigerian Exchange (NGX) Limited opened the new week on a bearish note after the first trading session finished 0.09 per cent lower on Monday. Profit-taking in banking stocks, especially in FBN Holdings, GTCO, Access Holdings, and Zenith Bank, contributed to the downfall of the market during the session, which witnessed a surge in activity level. Business Post reports that the banking index was down by 1.04 per cent, the consumer goods space fell by 0.44 per cent, and the industrial goods sector depreciated by 0.17 per cent due to selling pressure. However, bargain-hunting activities by traders

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