A market bloodshed for Nigerian Breweries Plc
Quote from Ndubuisi Ekekwe on August 22, 2021, 5:53 PMThat was a market bloodshed for Nigerian Breweries Plc: "At the end of Thursday’s trading session, Nigerian Breweries Plc recorded a loss of 8.77% which can be attributed to sell-offs in the shares of the company, inducing a loss of N40 billion in market capitalization at the close of trading activities on Nigeria’s Stock Exchange.
The shares of the brewery declined from N57.00 per share at the start of the trading day, to N52.00 per share, the lowest price traded at the close of the market, to represent a decrease of 8.77% which in monetary terms is N5.00."
That was a market bloodshed for Nigerian Breweries Plc: "At the end of Thursday’s trading session, Nigerian Breweries Plc recorded a loss of 8.77% which can be attributed to sell-offs in the shares of the company, inducing a loss of N40 billion in market capitalization at the close of trading activities on Nigeria’s Stock Exchange.
The shares of the brewery declined from N57.00 per share at the start of the trading day, to N52.00 per share, the lowest price traded at the close of the market, to represent a decrease of 8.77% which in monetary terms is N5.00."