Investors lose N107bn as Guinness tops losers

Guinness Nigeria records 29% growth in revenue growth

Guinness Nigeria Plc was the only stock that recorded the highest value erosion

 

Trading on the Nigerian Stock Exchange resumed negative on Monday with investors wealth declining by N107 billion as panic sell-off dominated trading for the day.

Investors lose N107bn as Guinness tops losers

The Market Capitalisation which opened at N9, 670 trillion lost 1.10 per cent to close at N9, 563 trillion.

The All-Share Index lost 310.79 basis points to close at 27,820.49 as against 9,670 points recorded on Friday.

At the close of trading session, 26 stocks recorded lost as against nine others on the gainers table.

Specifically, Guinness Nigeria Plc was the only stock that recorded the highest value erosion. The brewer’s shares price crashed by N6.40, representing 4.99 percent to close at N121.84 per share.

It was trailed by Nigerian Breweries Plc with N5.00 or 4.17 percent to close at N115.00 per share, while Ecobank Transnational Incorporated Plc (ETI) dipped 63 kobo or 3.68 per share to close at N22.51 per share.

Zenith Bank Plc was down by 49 kobo or 2.97 percent to close at N16.01 per share, while Guaranty Trust Bank Plc shed 45 kobo or 2.09 per cent to close at N21.05 per share.

On the other hand, PZ Plc topped the gainers table with additional value of 88 kobo or 3.35 percent to close at N27.13 per share.

It was trailed by Chemical and Allied Products Plc (CAP) with 72 kobo or 1.91 percent to close at N38.50 per share, while FBN Holdings Plc added 42 kobo or 8.52 percent to close at N5.45 per share.

Seven Up Plc gained 45 kobo or 0.25 percent to close at N184.00 per share, while Portland Paints Plc was up by 17 kobo or 4.38 percent to close at N2.70 per share.

In all, investors traded 159.79 million shares valued at N2.217 billion in 2,663 deals.

NNN.COM.NG is a portal where you can read latest Nigeria News from all Nigeria Newspapers such as such as Punch, Vangaurd, Daily Times, Thisday, Guardian, Nation, Leadership and more in one place. NNN aggregates Naija News and sort them according to their sources, category and relevance as a way of reducing the effort a news reader needs to put in to reading breaking news in Nigeria and across the world.