NESTLE led 20 Gainers, and 16 Losers topped by BOCGAS at the end of today’s session.
Nairametrics has selected blue-chip companies listed on the NGX that are likely to pay interim dividend for the half-year financial period.
The ability of the NGX ASI to replicate the same return of 2020 in 2021 will depend on 5 key stocks that make up over 66% of the NGX market capitalization.
Nestle acknowledged that more than 60% of its food and drinks products do not meet a “recognized definition of health.”
The NSE Consumer goods index gained 6.16 index points following gains in the share prices of Nestle, Flourmills and Honeywell.
The NSE Consumer goods index shed a total of 20.91 index points in March.
The Swiss multinational has increased its stake in Nestlé Nigeria with the acquisition of additional shares worth N774 million.
The Swiss multinational has increased its stake in Nestlé Nigeria with the acquisition of additional shares worth N104 million.
Nestle Nigeria must bear in mind that the year to beat is its 2019 performance, and not the forgettable 2020.
The Swiss multinational has acquired about 2.17 million additional shares in its Nigerian subsidiary worth N2.92 billion.
The Nigerian stock market breadth closed negative as 26 stocks posted 28 declines while 17 stocks appreciated.
FMCG Companies and consumer goods retailers benefitted from the changes in consumer behaviour.
