International Breweries Plc gains over N5 billion in one single trading day

International Breweries Plc gains over N5 billion in one single trading day

At the end of yesterday’s trading session, International Breweries Plc share price ranked amongst gainers to appreciate by 4.04%, closing at N5.15 per share, and taking the market capitalization from N132.97 billion to N138.34 billion.

The brewery company recorded a gain in share prices which can be attributed to investors’ positive sentiment which triggered buy-interests in the shares of the company supporting a gain of N5.37 billion in market capitalization at the close of trading activities on Nigeria’s stock exchange.

The shares of the company grew from N4.95 per share at the start of the trading day to N5.15 per share, the highest price traded at the close of the market, to represent a gain of 4.04% which in monetary terms is N0.20.

Read: Int’l Breweries grows revenue by 32.1% in Q3 2021 Stock performance summary

The growth witnessed in the shares of International Breweries influenced the company’s market capitalization positively to move from N132.97 billion to N138.34 billion at the end of trading activity, taking the gain to N5.37 billion.

The shares of International Breweries Plc have appreciated by 4.04% from year-to-date, starting the year at N4.95 and currently traded at N5.15. However, the shares of the company have returned about 14.44% gains for investors who bought them at their 52-week low trading price of N4.50 per share.

During the day’s trading hours, 1,028,563 ordinary shares of International Breweries Plc worth about N5.16 million, were exchanged in 25 executed deals.

Read: International Breweries: Cost inefficiences weigh on operating performance as financial leverage improves What you should know

At the end of the day’s trading activities, the NGX All-Share Index and market capitalization appreciated by 0.01% from the previous trading day, to close at 44,604.74 index points and N24.032 trillion respectively.

The NGX Consumer Goods Index appreciated by 0.16% to close the day at 557.69 points from 556.80 index points.

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