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HomeForex UpdatesOkomu Oil, others drive gains in NGX consumer goods index

Okomu Oil, others drive gains in NGX consumer goods index

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At the end of Thursday’s trading session, the Consumer Goods Index, which tracks the daily performance of quoted FMCG companies, recorded gains of 0.06% from the previous day of 564.13 points to 564.47 points.

The gains recorded in the Consumer Goods Index was driven mainly by PRESCO, OKOMU and INTERNATIONAL BREWERIES, who gained 5.92%, 2.39% and 1.11% respectively.

Stock Performance Summary

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Presco Plc

Presco Plc’s share price appreciated by 5.92% to close at N85.00 per share, taking the market capitalization from N80.25 billion to N85.00 billion.

The growth in the shares of Presco can be attributed to investors’ positive sentiment in the shares of the company which induced a gain of N4.25 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

The shares of Presco Plc have advanced by 19.80% from year-to-date, starting the year at N70.95 and currently trading at N85.00. The shares of the company have returned about 44.44% gains for investors who bought them at their 52-week low trading price of N58.85 per share.

During today’s trading hours, 832,432 ordinary shares of Presco Plc worth about N66.56 million, were exchanged in 140 executed deals.

Okomu Oil Plc

Okomu Oil Plc’s share price grew from N112.80 to N 115.50, reflecting an increase of 2.39% at the end of the day’s trading session.

The increase in share prices took the market capitalization up from N107.60 billion to N110.18 billion inducing a gain of N2.58 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

The shares of Okomu oil Plc have advanced by 26.92% from year-to-date, starting the year at N91.00 and currently trading at N115.50. The shares of the company have returned about 35.88% gains for investors who bought them at their 52-week low trading price of N85.00 per share.

During today’s trading hours, 838,738 ordinary shares of Okomu Oil Plc worth about N98.27 million, were exchanged in 105 executed deals.

International Breweries Plc

The shares of the second most capitalized brewery grew by 1.11% from N4.50 to N4.55, taking the market capitalization from N120.88 billion to N122.22 billion at the end of the day’s trading session.

The increase in share prices induced a gain of N1.34 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

The shares of International Breweries Plc have declined by 23.53% from year-to-date, starting the year at N5.95 and currently trading at N4.55. However, the shares of the company have returned about 12.35% gains for investors who bought them at their 52-week low trading price of N4.05 per share.

During today’s trading hours, 1,603,436 ordinary shares of International brewery Plc worth about N7.37 million, were exchanged in 82 executed deals.

What you should know

At the end of daily trading activities, the NGX All-Share Index and market capitalization appreciated by 0.16% from the previous trading day, to close at 40,829.15 index points and N21.28 trillion respectively.

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