Sustained sell pressure witnessed on shares of some blue-chip firms quoted on the Nigerian Exchange; has resulted in shareholders of Nigerian Breweries Plc losing about N26.717 billion in a trading day.
Checks by Nairametrics showed that the brewery stock dropped by 6.13% to N49.75 per share from N53.00 the previous day.
Further analysis showed Nigerian Breweries closed trading yesterday at N49.75 per share and N408.990.07 billion in market capitalisation on the Nigerian Stock Exchange (NGX) as against N53.00 per share and N435,708.01 billion in market capitalisation the previous day, hence earned a loss of N26.717 billion or 6.13%.
-Nairamettrics.
