Latest news with #BetaGlass
Bloomberg
18-07-2025
- Business
- Bloomberg
Top 2025 Nigeria Stock Beta Glass Plans Regional-Export Push
Beta Glass Plc, the best performer on Nigeria's bourse this year, plans to ramp up exports to earn hard currency, boost revenue and sustain investor confidence. The West African unit of Athens-based Frigoglass Group has seen its stock surge more than fivefold to 334 naira, outpacing the 28% gain in Nigeria's benchmark equities gauge over the same period.
Bloomberg
10-06-2025
- Business
- Bloomberg
Shrinkflation Trade Makes Beta Glass a Winner on Nigerian Bourse
Nigeria's cost-of-living crisis has helped make packaging company Beta Glass Plc the best performing equity on the Nigerian Stock Exchange, as companies opt for multiple product sizes to manage higher costs. The unit of Athens-based Frigoglass SAIC has risen 254% this year to 230 naira per share — vastly outperforming an overall index up just 11% — amid strong demand for various sizes of containers as companies shrink product size to counter rapid inflation.
Zawya
06-05-2025
- Business
- Zawya
Nigeria: Equities market opens week strong as ASI adds 0.6%
Equities trading at the Nigerian Exchange (NGX) opened the trading week on a strong note, as the All-Share Index rose by 0.62 percent to close at 106,698.50 basis points. Market capitalization followed suit, increasing by 0.62 percent to N67.06 trillion, thereby adding approximately N412.3 billion to investors' wealth. Market breadth was positive, with 35 gainers outpacing 29 decliners. On the performance board, top gainers included Beta Glass, The Initiates, Cadbury Nigeria, Caverton Offshore Support Group, and Multiverse, after their respective share prices appreciated by 9.97 percent, 9.90 percent, 9.87 percent, 9.77 percent, and 9.45 percent. Conversely, Ecobank Transnational Incorporated, Meyer, Custodian Insurance, Mutual Benefits Assurance, and Access Holdings led the losers' chart, as their share prices declined by 9.62 percent, 6.70 percent, 4.72 percent, 4.49 percent, and 3.88 percent, respectively. Sectoral performance was largely positive: the Insurance, Consumer Goods, Oil & Gas, Industrial Goods, and Commodity sectors advanced by 2.69 percent, 2.90 percent, 2.58 percent, 0.07 percent, and 1.59 percent, respectively, while the Banking sector declined by 1.62 percent. Trading activity remained robust, with the number of deals, volume, and value traded rising by 1.33 percent, 0.66 percent, and 26.61 percent, respectively. Overall, transactions worth N18.93 billion were recorded across 18,612 deals involving 569.04 million units. On Monday, FBN Holdings was the toast of investors, as its shares topped the activity chart with 106 million units traded. Guaranty Trust Holding Company led in terms of value, with N5.6 billion worth of shares exchanged.
