Consumer goods index declines by 0.24% driven by loses in breweries shares

At the end of today’s trading session, the Consumer goods index, which tracks the daily performance of quoted FMCG companies recorded a loss of 0.24% from the previous day’s 552.63 points to 551.28 points.

The loss recorded in the Consumer goods index was driven mainly by Champion Breweries Plc and International Breweries Plc, who depreciated by 2.91% and 3.00% respectively.

Stock Performance Summary

Champion Breweries Plc

Champion Breweries Plc share price dropped from N3.09 to N3.00, reflecting a decline of 2.91% at the end of the day’s trading session.

The decrease in share prices took the market capitalization down from N24.19 billion to N23.49 billion inducing a loss of N704.65 million in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

The shares of Champion Breweries Plc have advanced by 248.84% from year-to-date, starting the year at N0.86 and currently traded at N3.00. However, the shares of the company have returned about 270.37% gains for investors who bought them at their 52-week low trading price of N0.81 per share.

During today’s trading hours, 4,403,772 ordinary shares of Champion Breweries Plc worth about N13.24 million, were exchanged in 89 executed deals.

International Breweries Plc

The shares of the second most capitalized brewery declined by 3.00% from N5.00 to N4.85, taking the market capitalization from N134.31 billion to N130.28 billion at the end of the day’s trading session.

The decline in share prices induced a loss of N4.03 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

The shares of International Breweries Plc have declined by 18.49% from year-to-date, starting the year at N5.95 and currently traded at N4.85. However, the shares of the company have returned about 7.78% gains for investors who bought them at their 52-week low trading price of N4.50 per share.

During today’s trading hours, 3,228,792 ordinary shares of International Breweries Plc worth about N15.73 million, were exchanged in 50 executed deals.

What you should know

At the end of daily trading activities, the NGX All-Share Index and market capitalization appreciated by 0.26% from the previous trading day, to close at 41,249.71 index points and N21.53 trillion respectively.