At the end of today’s trading session, Nigerian Breweries Plc share price declined by 6.06% to close at N46.50 per share, its new 52-week low, taking the market capitalization from N395.85 billion to N371.86 billion.
Nigerian Breweries Plc recorded a decline in share prices attributable to investors’ negative sentiment which triggered sell-offs in the shares of the company inducing a loss of N23.99 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.
The shares of the brewery depreciated from N49.50 per share at the start of trading day, to N46.50 per share, the lowest traded price at the close of the market, to represent a decrease of 6.06% which in monetary terms is N3.00.
Stock Performance Summary
The sell-offs witnessed in the shares of Nigerian Breweries Plc negatively influenced the company’s market capitalization from N395.85 billion, the previous trading day, to N371.86 billion at the end of the day’s trading activities, taking the depreciation to N23.99 billion.
The shares of the brewery have declined by 16.96% from year-to-date, starting the year at N56.00 and currently traded at N46.50, its new 52-week low price.
During today’s trading hours, 1,806,525 ordinary shares of Nigeria Breweries Plc worth about N83.52 million, were exchanged in 188 executed deals.
In comparison, the shares of Champion Breweries Plc and International Breweries advanced by 9.52% and 1.10% respectively, to close at N2.30 and N4.60 at the end of trading session while Guinness Nig Plc declined by 1.86% to close at N29.05.
What you should know
At the end of daily trading activities, the NGX All-Share Index and market capitalization depreciated by 0.38% from the previous trading day, to close at 40,714.00 index points and N21.22 trillion respectively.
Similarly, the NGX Consumer Goods Index, declined by 1.00% to close the day at 558.64 from 564.30 index points.
