The Nigerian Stock Exchange Consumer Goods Index (CGI), an index that tracks the performance of all consumer goods companies listed on the Nigerian Stock Exchange, depreciated by 1.04% in the week ended 17th February 2021.
At the end of the seventh trading week on NSE, the Consumer goods Index shed 6.10 index points in total to close lower for the week at 582.3 index points, as shares of Vitafoam, Dangote Sugar, Nigerian Breweries and declined.
A preview of the performance of the index revealed that as of the close of trading activities on Friday 17th February 2021, the index stood at 582.30 index points, from 588.40 index points at the close of trade on Friday 12th February 2021.
READ: NSE CGI down by 3.22%, as shares of Nestle, NB, Dangote Sugar, Flour Mills decline
What you should know
- The NSE Consumer goods Index was designed to provide an investable benchmark to capture the performance of companies in the consumer goods sector. The index comprises the most capitalized and liquid companies in food, beverage, and tobacco.
- The index is based on the market capitalization methodology, as it tracks the performance of fifteen consumer goods companies on the Nigerian Stock Exchange which includes, Nestle, Nigerian Breweries (NB), Dangote Sugar, and Flour Mills.
- The overall performance of the companies was bearish as the index closed on a negative note with 5 losers relative to 4 gainers. GUINNESS (+9.16%) led the gainer’s chart for the week, while VITAFOAM (-16.13%) was the top loser.
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Top gainers
- GUINNESS up 9.16% to close at N22.05
- CHAMPION up 4.21% to close N2.97
- HONYFLOUR up 2.31% to close at N1.33
- INTBREW up by 0.17% to close at N6.02
Top losers
- VITAFOAM down by 16.13% to close at N7.80
- DANGSUGAR down by 3.65% to close at N18.50
- NB down by 3.28% to close at N59.00
- FLOURMILLS down by 2.67% to close at N29.20
- NASCON down by 0.93% to close at N16.05
