BUSINESS

Nestle, NB, Unilever Drag Consumer Goods Index Down 1.46% Week-On-Week

The Consumer Goods Index, which tracks the daily and weekly performance of quoted FMCG companies, depreciated week-on-week by 1.46%, from 569.18 points on Monday, to 560.85 points, at the end of Friday’s trading session.

The decrease recorded in the consumer goods index was driven mainly by Nestle Nig Plc, Nigerian Breweries Plc and Unilever Nig. Plc, which depreciated by 0.71%, 2.86% and 7.53% respectively.

Stocks performance summary

  • Nestle Plc

Nestle Plc share price declined from N1400.00 to N1390.00, reflecting a decrease of 0.71% at the end of the week’s trading session.

The decrease in share prices took the market capitalization down from N1.11 trillion to N1.10 trillion inducing a loss of N7.93 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

The shares of Nestle Plc have declined by 7.64% from year-to-date, starting the year at N1505 and currently traded at N1390. However, the shares of the company have returned about 2.96% gains for investors who bought them at their 52-week low trading price of N1350 per share.

  • Nigerian Breweries Plc

Nigerian Breweries Plc share price declined from N52.50 to N51.00, reflecting a decrease of 2.86% at the end of the week’s trading session.

The decrease in share prices of the brewery took the market capitalization down from N419.84 billion to N407.84 billion inducing a loss of N12.00 billion in market capitalization at the close of trading activities on the Nigerian Exchange.

The shares of the most capitalized brewery have declined by 8.93% 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% gains for investors who bought them at their 52-week low trading price of N46.50 per share.

  • Unilever Nig Plc

The shares of Unilever Nig. Plc depreciated by 7.53% from N14.60 to N13.50, taking the market capitalization from N83.88 billion to N77.56 billion at the end of the week’s trading session. The decline in share prices resulted in a loss of N6.32 billion in market capitalization at the close of trading activities on the Nigerian Exchange.

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The shares of the conglomerate has depreciated by 2.88% from year-to-date, starting the year at N13.90 and currently traded at N13.50. The shares of the company have returned about 18.42% gains for investors who bought them at their 52-week low trading price of N11.40 per share.

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