Recent checks after the close of trading activities on the NSE today, 8th of February, have revealed that shares of PZ Cussons Nigeria Plc have lost approximately N3 billion in just three trading sessions.
According to data tracked on the website of the Nigerian Stock Exchange (NSE), between Thursday, 4th February 2021 and today 8th of February 2021, the market capitalization of the leading consumer goods company has decreased from N23.2 billion to N20.2 billion.
Noting that – market capitalization is the total value of all the issued ordinary shares of a company, this by meaning suggests that the total value of all the issued shares of PZ Cussons decreased by nearly N3 billion, or 13% in three trading sessions on the local bourse.
A review of the performance of PZ Cussons on the Nigerian Stock exchange, after the close of trading activities today revealed that PZ shares dipped by N0.55 kobo to close the day 9.73% lower at N5.1.
What you should know
- The shares of the company closed at N5.1 per share after a total of 717,282 ordinary shares of the company were exchanged in 45 deals, worth N3,729,782.20.
- It is important to note that other than PZ, shares of companies like Flour Mills Nigeria Plc (FLOURMILL)and Unilever Nigeria Plc (UNILEVER), tracked by the NSE Consumer goods index declined by 1.43% and 2.05% respectively at the close of trading today.
- This impacted the NSE Consumer goods index, as the index depreciated by 0.26% to close the day at 592.39 index points.
- Shares of PZ Cussons are currently trading 12.82% lower than the 52-week high of N5.85 per share. On a YTD basis, shares of the company have declined by 3.77%.
