Business - Companies
Updated: December 01, 2019

Guinness Leads Lowest Performing Stock For October

By Olusegun Akinleye
November 04, 2019
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Guinness Nigeria Plc has emerged the lowest-performing stock on the Nigerian Stock Exchange (NSE) for October in percentage terms as the stock lost 29.85 per cent to close at N23.85 per share against the opening price of N34.

Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., attributed Guinness’ loss to poor earnings performance released by the company during the period under.

Omordion said that sell pressure by investors in the market in October contributed to Guinness’ decline.

NAN reports that Guinness was trailed by PZ which dipped 21.43 per cent to close at N5.50, while Oando lost 17.14 per cent to close at N13.11 per share.

Other losers are Lafarge Africa, GT Bank, Unity Bank, UACN, Lasaco Insurance, Nem Insurance and Champion Breweries.