Champion Breweries Gains N1.5 Billion In Market Value, p 9%

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At the end of today’s trading session, Champion Breweries Plc recorded gains of 9.00% which can be attributed to buy-interests in the brewery’s shares which induced gains of N1.50 billion in market capitalization at the close of trading activities on the Nigerian Exchange Group.

The shares of the quoted brewery advanced from N2.11 per share at the start of trading day, to N2.30 per share, the highest price traded at the close of the market, to represent a gain of 9.00% which in monetary terms is N0.19.

The buy-interests witnessed in the shares of Champion Breweries positively influenced the company’s market capitalization from N16.52 billion to N18.01 billion at the end of today’s trading activities, taking the gain to N1.50 million.

The shares of Champion Breweries Plc have gained 167.44% from year-to-date, starting the year at N0.86 and currently trading at N2.30. The brewery’s shares are currently trading 44.31% lower than their 52-week high of N4.13 per share. However, the shares of the company have returned about 223.94% gains for investors who bought them at their 52-week low trading price of N0.71 per share.

During today’s trading hours, 609,182 ordinary shares of Champion Breweries Plc worth about N1.31 million, were exchanged in 60 executed deals.

In comparison, the shares of Nigerian Breweries Plc, Guinness Plc and Gold Breweries Plc closed flat at N58.00, N31.65 and N0.81 respectively, while the shares of International Breweries Plc gained 1.92% to close at N5.10 at the end of today’s trading session.

At the end of today’s trading activities, the NGX All-Share Index and Market capitalization depreciated by 0.12% from the previous trading day, to close at 38,802.15 index points and N20.22 trillion respectively.

The NGX Consumer Goods Index appreciated by 0.11% to close the day at 599.62 from 598.97 index points.

– Nairametrics

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