• Business - Companies
  • Updated: May 24, 2022

Presco Plc Records N20 Billion Loss In Market Value

Presco Plc Records N20 Billion Loss In Market Value

Presco Plc’s share price has depreciated from N200 billion to N180 billion reflecting a 10% decrease per share.

The loss Presco Plc recorded in share price can be attributed to investors’ negative sentiments, which triggered sell-pressures in the shares of the company, supporting a loss of N20 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

At the start of the shares of the quoted brewery declined from N200 per share  to N180 per share, the lowest price traded at the close of the market, to represent a loss of 10.00%, which in monetary terms is N20.00

The profit-taking witnessed in the shares of Presco Plc negatively influenced the company’s market capitalisation from N200 billion to N180 billion at the end of the day’s trading activities, taking the loss to N20 billion.

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