These consumer goods companies saw their shares surge by more than 55% in 2021.
Shares of Guinness Nigeria Plc in the month of March surged by a whopping 47.07%.
Shares of Guinness Nigeria Plc surged by about 10% today on the Nigerian Stock Exchange today.
Brewers were forced to scale down the acquisition of PPE in 2020.
These Industrial and consumer goods stocks delivered gains in excess of 6% in a week.
Despite the galloping 17.33% inflation rate, three stocks have posted returns higher than inflation.
Stocks of brewers in the Nigerian Equity space lost a total of N27.7 billion in today’s trading session.
Guinness declares N524 million profit in Q2 2020/21, 68.90% lower than 2019/20 figures.
The parent company of Guinness Nigeria Plc, Diageo Plc, disclosed that its operating profit declined by 8.3%.
In the 2021 financial year, the task before the company is to drive its strategic objectives to bring the company back to profitability.