Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

Presco Plc outperforms other FMCGs as share price improves by 27% in March

Presco Plc share price rose from N104.00 to N133.00 at the end of March. 

Chidinma Anyalewechi by Chidinma Anyalewechi
April 4, 2022
in Stock Market
FY 2018: Presco Plc declares 200 kobo per ordinary share dividend
Share on FacebookShare on TwitterShare on Linkedin

At the end of March 2022, the consumer goods index of the NGX experienced a decline by 5.76% from 588.00 points to 554.16 points during the period under review.

The negative performance of the Index can be attributed to the general negative sentiments of investors toward consumer goods stocks in the period, as well as the fact that investors were reacting to some newly released Audited financials from the companies. In addition, we observed some price corrections as a reaction to the announcement of dividend declarations.

Focusing on the performance of stocks under the consumer goods sector, we see that out of the 21 companies under the CGI, three (3) increased in share price while fourteen (14) declined and 4 remained unchanged.

RelatedPosts

Investors in MTN Public Offer gain N35 billion in 6 months

Share price of company that filed for Bankruptcy rallies over 300% in a week

We are placing focus on the 3 best performing consumer goods stocks in the month under review. These stocks were selected based on their price-performance from month-to-date and are represented by the percentage gained.

Presco Plc – 27.88%

  • Presco Plc share price enjoyed investors’ positive sentiment as it appreciated by 27.88% during the period under review, from N104.00 to N133.00 at the end of March.  The FMCG company grew its capitalization from N104.00 billion to N133.00 billion.
  • The company’s most recent Q4 financial result for the period ended December 30, 2021, revealed that its Revenue grew by 97.68% from N23.89 billion to N47.23 billion in the period being reviewed.
  • However, the company recorded astounding growth in profit of 258.57%, from N5.26 billion in 2020 to N18.87 billion at the end of the twelve-month period. The shares of the company currently trade at N133.00 and has gained 51.48% from year-to-date.

Okomu Oil – 10.89%

  • The share price of Okomu Oil Plc, an industry peer with Presco Plc, grew by 10.89% during the period under review, from N135.00 per share to N149.70 per share, taking the market capitalization up by N14.02 billion within the month.
  • The growth in the share price of the company can be attributed to positive sentiment towards the company’s Audited Financial Statement of positive results.
  • Okomu Oil Plc’s FY 2021 result revealed a 60% growth in revenue from N23.41billion in 2020 to N37.39 billion in the current period. However, the company reported a 292% growth in net profit of N11.54 billion from N2.94 billion in the corresponding period of 2020.
  • The shares of the company trade at N142.00 and its year-to-date performance has remained unchanged.

Guinness Nig Plc – 4.71%

  • The shares of Guinness Plc have enjoyed a positive run since the beginning of the year, gaining 24% and 40.06% in January and February, respectively. The second most capitalized brewery on the exchange, then went on to gain 4.71% in price in March, from N68.00 to N71.20. The company enjoyed buy-interests which drove up the market capitalization by N7.01 billion to stand at N155.96 billion.
  • Recently, the company posted its HY 2021 result, reporting a 50.83% growth in revenue from N72.35 billion in HY 2020 to N109.12 billion in the current period. The breweries company reported a profit after tax of N8.82 billion from a loss of N317.42 million in the corresponding period of 2020.
  • The shares of Guinness Nig Plc currently trade at N71.00 and has a year-to-date value of 82.05%.

Related

Tags: FMCGsGuinness PlcOkomu OilPresco Plc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • CJN: Atiku assures new CJN, Ariowoola of commitment of Separation of Powers
    • Lagos embarks on demolition of defective buildings in Ikoyi
    • Corporate actions for the week ending June 28

    Follow us on social media:

    Recent News

    CJN: Atiku assures new CJN, Ariowoola of commitment of Separation of Powers

    CJN: Atiku assures new CJN, Ariowoola of commitment of Separation of Powers

    June 28, 2022
    Lagos embarks on demolition of defective buildings in Ikoyi

    Lagos embarks on demolition of defective buildings in Ikoyi

    June 28, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com