The Nigerian Stock Exchange Consumer Goods Index (CGI), a market index that tracks the performance of consumer goods companies, gained a total of 6.16 index points, to close the first week of active trading in April at 556.03 index points following the gains in the shares of Nestle, Flour Mills of Nigeria and Honeywell Flour Mills.
A preview of the index performance for the week revealed that at the close of trading activities on Friday 9th of April 2021, the NSECG index appreciated by 1.12% to close the week higher at 556.03 index points, from 549.87 index points at the open of trade for the week.
In line with this, the index gained a total of 6.16 index points at the close of trade for the week.
The index performed better when compared to the market index, noting that the All-Share Index and the market capitalization depreciated by 0.13%, to close the week at 38,866.39 and N20.335 trillion respectively.
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 International Breweries.
- The overall performance of the companies was relatively bullish, as the index closed on a positive note, 6.16 index points higher.
- FLOURMILLS (6.90%) led the gainers’ chart, followed by HONYFLOUR (4.24%), while GUINNESS (-17.27%) topped the losers list, followed by CADBURY (-3.03%).
- FLOURMILLS up by 6.90% to close at N31.00.
- HONYFLOUR up by 4.24% to close at N1.23.
- NESTLE up by 3.27% to close at N1420.
- GUINNESS down by -17.27% to close at N29.70.
- CADBURY down by -3.03% to close at N8.00.
- INTBREW down by -1.72% to close at N5.70.
- CHAMPION down by -1.33% to close at N2.22.