Guinness Plc Share Price Declines To N88.2 Per Share

Guinness Nigeria Plc’s share price depreciated by 10.00% to close at N88.20 per share, taking the market capitalisation to N193.19 billion at the end of Tuesday’s trading session.

The FMCGs company recorded a decline in share prices and it can be attributed to investors’ negative sentiment which triggered sell-offs plunging the company’s value down by 1000 basis points.

The shares of the quoted brewery decreased from N98.00 per share at the start of the trading day to N88.20 per share, the lowest price traded at the close of the market, to represent a decline of 10.00% which in monetary terms is N9.80.

Hence, at the close of trading activities on Nigeria’s stock exchange, the sell-pressures in the shares of the company resulted in a loss of N21.47 billion in market capitalization.