News just into the ViewPointNigeria newsdesk suggests that the shares of te Jos International Brewery (JIB) PLC has continued to gain in the equities market. This would be second consecutive week that the shares have appreciated so may be an attactive option for investors. The stock gained 43.21 per cent to close at N1.16 during the week ended August 16 and then further gained 57.76 per cent to close transaction at N1.83 per share last week, topping the gainers’ chart for the two consecutive weeks.

It would be recalled that in recent weeks, the equities market closed the week on a downward trend as the market capitalisation of listed equities shed 1.1 per cent or N129.74 billion to close at N11.58 trillion compared to N11.71 trillion last week. The market index also went down by 1.11 per cent to close at 36,577.28 as against a 2.77 per cent decline the previous week to close at 36,986.94.

News just into the ViewPointNigeria newsdesk suggests that the shares of the Jos International Brewery (JIB) PLC has continued to gain in the equities market. This would be second consecutive week that the shares have appreciated so it certainly appears to be an attactive option for investors. The stock gained 43.21 per cent to close at N1.16 during the week ended August 16 and then further gained 57.76 per cent to close transaction at N1.83 per share last week, topping the gainers’ chart for the two consecutive weeks.

It would be recalled that in recent weeks, the equities market closed the week on a downward trend as the market capitalisation of listed equities shed 1.1 per cent or N129.74 billion to close at N11.58 trillion compared to N11.71 trillion last week. The market index also went down by 1.11 per cent to close at 36,577.28 as against a 2.77 per cent decline the previous week to close at 36,986.94.

However, Jos Breweries Plc led the gainers’ chart for the second consecutive week. The rejuvenation of JIB PLC is a welcome development, given the camatose state in which the industry has been for over a decade. The industry was in the past known to be the source of livelihood, not only for the Plateau State Government, but for several hardworking individuals in the state, however mismanagement of funds, couple with inefficiencies completely crippled the operations of the company leading the company discontinuing production. 

The positive appreciation of the shares, remains a massive stride towards revitalising the camatose industry which once was.

ViewPointNigeria shall keep a keen eye of the revitalisation of this industry and report any further developments. 

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Jos International Brewery share price continue to rise in the stock market