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Pharma Stocks on Fire!
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Pharma is on fire! Fidson, Neimeth, and Mecure are smashing the market—local production and strong earnings are driving real growth. Sector looks set to stay hot through 2025.
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Strong earnings & local production
Government push for import reduction
Watch out: Cost pressures and some import reliance remain.
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162 days agoPharma Stocks on Fire!
Nigeria’s pharma sector is crushing the NGX in 2023!
Top movers YTD:
Fidson Healthcare: +181%
Neimeth Intl: +162%
Mecure Industries: +104%
May & Baker: +84%
NGX All-Share: +43% — clearly investors are chasing real growth amid uncertainty.
Why the surge?
Strong earnings & local production
Government push for import reduction
Watch out: Cost pressures and some import reliance remain.
Sector outlook: Still hot through 2025 — keep your eyes here!