30 March, 2022

Nigeria: Guinness Nigeria share price increases resulting in N2.63 bln gain in market capitalization

At the end of the trading session on March 29, Guinness Nigeria Plc share price appreciated by 1.71% to close at N71.20 per share, taking the market capitalization to N155.96 billion, the Nairametrics reported.

The growth in share prices which was recorded by the FMCGs company can be attributed to investors’ positive sentiment which triggered buy-interests supporting the company’s value up by 171 basis points.

Hence, the rally in the shares of the company resulted in a gain of N2.63 billion in market capitalization at the close of trading activities on Nigeria’s stock exchange.

The shares of the quoted brewery increased from N70.00 per share at the start of the trading day to N71.20 per share, the highest price traded at the close of the market, to represent a growth of 1.71% which in monetary terms is N1.20.

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