NB Plc share loses N12bn in value in one day

Nigerian Breweries Plc share price depreciated by 286 basis points to close at N51.00 per share, taking the market capitalisation from N419.84 billion to N407.84 billion.

The brewery, at close of the week’s business, recorded a loss in share price which can be attributed to investors’ negative sentiment which triggered sell-offs in the shares of the company inducing a loss of N12.00 billion in market capitalization at the close of trading activities on Nigeria’s stock exchange market.

The shares of the brewery declined from N52.50 per share at the start of the trading day to N51.00 per share, the lowest price traded at the close of the market, to represent a decline of 2.86 per cent  which in monetary terms is N1.50.

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The sell-offs witnessed in the shares of Nigerian Breweries negatively impacted the company’s market capitalization from N419.84 billion to N407.84 billion at the end of today’s trading activities, taking the loss to N12.00 billion.

The shares of Nigerian Breweries Plc have declined by 8.93 per cent from year-to-date, starting the year at N56.00 and currently traded at N51.00. However, the shares of the company have returned about 9.68 per cent gains for investors who bought them at their 52-week low trading price of N46.50 per share.

During today’s trading hours, 7,629,901 ordinary shares of NB Plc worth about N390.55 million, were exchanged in 26 executed deals.

The current share price of NB is NGN 51.00. NB closed its last trading day (Friday, November 19, 2021) at 51.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 2.9 per cent drop from its previous closing price of 52.50 NGN. Nigerian Breweries began the year with a share price of 56.00 NGN but has since lost 8.93 per cent  off that price valuation, ranking it 126th on the NGX in terms of year-to-date performance.

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Nigerian Breweries is the 34th most traded stock on the Nigerian Stock Exchange over the past three months (Aug 23 – Nov 19, 2021). NB has traded a total volume of 104 million shares—in 3,395 deals—valued at NGN 5.17 billion over the period, with an average of 1.65 million traded shares per session.

 A volume high of 14 million was achieved on October 26th, and a low of 44,631 on August 23rd, for the same period. The table below details the last 10 trading days of activity of Nigerian Breweries on the Nigerian Stock Exchange.

In comparison, the shares of Guinness Plc, International Breweries Plc and Champion Breweries Plc closed flat at N36.50, N5.50 and N2.61, respectively, at the end of today’s trading session.

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At the end of today’s trading activities, the NGX All-Share Index and market capitalization depreciated by 0.20 per cent  from the previous trading day, to close at 43,199.27 index points and N22.54 trillion respectively.

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