NGX Consumer Goods Index Gains 0.91% Driven By Gains In Brewery Shares

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At the end of today’s trading session, the Consumer Goods Index, which tracks the daily performance of quoted FMCG companies, recorded gains of 0.91% from the previous day of 561.86 points to 566.96 points.

The gains recorded in the Consumer Goods Index was driven mainly by Nigerian Breweries Plc, Champion Breweries and International Breweries, who gained 1.91%, 2.95% and 8.70% respectively.

Stock performance summary

Nigerian Breweries Plc

Nigerian Breweries (NB) Plc share price appreciated by 1.91% to close at N47.90 per share, taking the market capitalization from N375.85 billion to N383.05 billion.

The growth in the shares of NB can be attributed to investors’ positive sentiment in the shares of the company which induced a gain of N7.20 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

The shares of NB Plc have declined by 14.46% from year-to-date, starting the year at N56.00 and currently traded at N47.90. However, the shares of the company have returned about 3.01% gains for investors who bought them at their 52-week low trading price of N46.50 per share.

During today’s trading hours, 7,685,307 ordinary shares of NB Plc worth about N361.53 million, were exchanged in 105 executed deals.

Champion Breweries Plc

Champion Breweries Plc share price grew from N3.05 to N3.14, reflecting an increase of 2.95% at the end of the day’s trading session.

The increase in share prices took the market capitalization up from N23.88 billion to N24.58 billion inducing a gain of N704.65 million in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

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The shares of Champion Breweries Plc have advanced by 265.12% from year-to-date, starting the year at N0.86 and currently traded at N3.14. However, the shares of the company have returned about 287.65% gains for investors who bought them at their 52-week low trading price of N0.81 per share.

During today’s trading hours, 10,979,118 ordinary shares of Champion Breweries Plc worth about N34.02 million, were exchanged in 308 executed deals.

International Breweries Plc

The shares of the second most capitalized brewery grew by 8.70% from N4.60 to N5.00, taking the market capitalization from N123.57 billion to N134.31 billion at the end of the day’s trading session.

The increase in share prices induced a gain of N10.74 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

The shares of International Breweries Plc have declined by 15.95% from year-to-date, starting the year at N5.95 and currently traded at N5.00. However, the shares of the company have returned about 11.11% gains for investors who bought them at their 52-week low trading price of N4.50 per share.

During today’s trading hours, 535,665 ordinary shares of International Breweries Plc worth about N2.67 million, were exchanged in 89 executed deals.