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Home Companies Company News

WAPCO Gained N7.5billion Today But See Which Top Brewer Lost N22billion In Value Today Alone (28/10/13)

Nairametrics by Nairametrics
October 28, 2013
in Company News
WAPCO Gained N7.5billion Today But See Which Top Brewer Lost N22billion In Value Today Alone (28/10/13)
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NBL Chart

The Nigerian Stock Exchange Closed lower today losing  0.49% or 183.6 points to close at 37,278.34. Leading the Gainers chart was Larfarge WAPCO gaining N2.5 to close at N101. WAPCO released its 2013 results and must have impressed the market as the price gain is the highest in a month.

Nigerian breweries on the other hand lost N2.95 or N22billion in market cap to close at N167.05. NBL has lost about N10 (N75.6billion in market cap) since October 22 when it announced tepid results and offered a poor outlook for the company going forward. This may have resulted in investors shifting interest to Guinness which also saw a rose of N2 to close at N240 per share.

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Top 5 Gainers

CompanyLast CloseCurrentChange
WAPCO98.50101.002.50
GUINNESS238.00240.002.00
ASHAKACEM21.1721.500.33
PORTPAINT5.005.240.24
CCNN9.759.950.20

Top 5 Losers

CompanyLast CloseCurrentChange
NB170.00167.05-2.95
CADBURY56.5053.72-2.78
OKOMUOIL45.9944.00-1.99
CAP48.9947.00-1.99
PZ38.9938.49-0.50
Tags: News ReviewNigeria Breweries
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Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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