Guinness part ways with N6.7 Billion
If you’re a fan of Guinness’s products, you should probably say a prayer for them.
Apr 22, 2021
Guinness Nigeria was dealt a heavy blow after it lost 9.89% of its shares to a major sell-off. This caused the beer-producing brand to lose over N6.9 billion on the Nigerian Stock Exchange.
The company’s shares took a downgrade from N31.85/share at the start of trading activities to N28.70/share at the end of trading activities which resulted in a 9.89% loss. This also led to a market capitalization degradation for Guinness, causing the brand to go from N69.75 billion to N62.86 billion.
Guinness is currently selling its shares for N28.70 after consistently selling it at N36.00 for the last 52 weeks.
