The Consumer Goods Index, which tracks the daily and weekly performance of quoted FMCG companies, appreciated by 0.08%, from 546.42 points the previous day, to 546.85 points, at the end of today’s trading session.
The increase recorded in the consumer goods index was driven mainly by Nigerian Breweries Plc and International Breweries Plc, which appreciated by 0.32% and 2.13% respectively.
Stock performance summary
Nigerian Breweries Plc
Nigerian Breweries Plc share price grew from N46.80 to N46.95, reflecting an increase of 0.32% at the end of today’s trading session.
The increase in share prices took the market capitalization up from N374.26 billion to N375.45 billion supporting a gain of N1.20 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.
The shares of the most capitalized breweries have declined by 16.16% from year-to-date, starting the year at N56.00 and currently traded at N46.95. However, the shares of the company have returned about 0.97% gains for investors who bought them at their 52-week low trading price of N46.50 per share.
International Breweries Plc
International Breweries Plc share price appreciated from N4.70 to N4.80, reflecting an increase of 2.13% at the end of the day’s trading session.
The increase in share prices of the brewery took the market capitalization up from N126.25 billion to N128.94 billion bringing the gain to N2.69 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.
The shares of the International breweries has declined by 19.33% from year-to-date, starting the year at N5.95 and currently traded at N4.80. However, the shares of the company have returned about 6.67% gains for investors who bought them at their 52-week low trading price of N4.50 per share.
What you should know
At the end of today’s trading activities, the NGX All-Share Index and market capitalization depreciated by 0.51% from the previous trading day, to close at 42,247.98 index points and N22.04 trillion respectively.
