Market capitalization similarly declined by 0.39% as DANGOTE recorded significant sell-offs in its share price.
All indexes closed in the negative terrain with the exception of the Oil & Gas Index.
Market turnover finished lower compared to the previous trading session.
Market Capitalization closed at N13.00 trillion, down by 0.16% from the previous close of N13.027 trillion.
The outbreak of Coronavirus (COVID-19) around the world continues to weigh heavily on investors as it dealt an unexpected shock to the economy.
Guinness laid issues like port congestion, tax reforms and decline in alcohol pricing have eaten deep into the company's profit, affecting the operations of the company.
These days, the story is somewhat underwhelming for Nigerian Breweries and every year it gets worse, as the brewery giant reported a profit after tax of...
Nigerian Breweries released its audited results for the 2019 financial year. As expected, there was a slight dip in both topline and bottom line.
Corporate issuers appear to be taking advantage of the unorthodox policies of the CBN to raise funds from the local debt market.
Nigerian Breweries (NB) announced a 1.0% y/y decline in Net Revenue to N235.7 billion in 9M 2019 from N238.1 billion in 9M 2018.