Consumer goods index gains 7.48 point, driven by gains in Guinness, Intbrew and Vitafoam shares

The Nigerian Stock Exchange Consumer Goods Index (CGI), an index that tracks the performance of consumer goods companies, appreciated by 1.41%, to close at 539.45 index points this week, at the back of gains in the shares of Guinness, IntBrew and Vitafoam.

A preview of the performance of the index revealed that at the close of trading activities on Friday 26th of March 2021, the NSECG index appreciated by 1.41% to close the week higher at 539.45 index points, from 531.97 index points at the open of trade for the week.

In line with this, the Consumer goods Index gained a total of 7.48 index points during the week.

The consumer goods index underperformed the market index, noting that the All-Share Index and the market capitalization appreciated by 2.17%, to close the week at 39,216.20 and N20.518 trillion respectively.

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What you should know

• The NSE Consumer goods Index was designed to provide an investable benchmark to capture the performance of companies in the consumer goods sector. The index comprises the most capitalized and liquid companies in food, beverage, and tobacco.
• The index is based on the market capitalization methodology, as it tracks the performance of fifteen consumer goods companies on the Nigerian Stock Exchange which includes, Nestle, Nigerian Breweries (NB), Dangote Sugar, and International Breweries.
• The overall performance of the companies was relatively bullish, as the index closed on a positive note, 7.48 index points higher.
• GUINNESS (18.58%) led the gainers’ chart, followed by INTBREW (11.76%), while CHAMPION (13.11%) topped the losers list, followed closely by DANGSUGAR (-3.53%).

READ: Industrial index depreciates by -2.62%, as BUA Cement shares decline

Top gainers

• GUINNESS up by 18.58% to close at N30.00.
• INTBREW up by 11.76% to close at N5.70.
• VITAFOAM up by 6.41% to close at N8.30.
• HONYFLOUR up by 3.77% to close at N13.75.

Top losers

• CHAMPION down by 13.11% to close at N2.12.
• DANGSUGAR down by -3.53% to close at N16.40.
• FLOURMILLS down by -3.03% to close at N28.80.