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    Tuesday, June 9
    Analysis

    INTBREW Hits New 52-Week High in Non-Stop Rally

    Olu AnisereBy Updated:No Comments1 Min Read
    INTBREW Hits New 52-Week High in Non-Stop Rally

    INTBREW Hits New 52-Week High in Non-Stop Rally

    Beer producer, International Breweries Plc (Ticker: INTBREW) set a new 52-week high in the equities market as the company’s shares continued to gain attention.

    According to data from the Nigerian Exchange, the share price of International Breweries rose to N8.47 on Monday as 11.249 million shares valued at N93.078 million exchanged ownership.

    The brewer with more than 96% foreign ownership saw a monster rally last week. Its market value rose by +40% week on week to close at N7.70.

    The company with highly concentrated shareholding is expected to reverse its loss-making streak as macroeconomic tensions begin to ease. Its major rival’s earnings release has been upturned, and analysts are hoping to see an improved earnings performance in Q1-2025.

    International Breweries’ market value has climbed to N1.425 trillion ahead of Q1-2025 earnings release. Some analysts said the brewer stocks could pick up further, driven by sentiment rather than profitability or dividend payments. GTCO, NB Plc Drive Intraday Gain in Equities Market

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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