Guinness Nigeria Hits 52-Week High on Sharp Intraday Gain
Lagos: Guinness Nigeria Plc’s share is courting investors’ attention with a sharp intraday rally, pushing the brewer’s market value higher by about 9.4% on Friday.
The stock hit a fresh 52-week high, gaining N39.70 kobo, with total trading volume of 1.355 million, valued at about N610 million.
According to trading data from the Nigerian Exchange, while the market is still open for trades, Guinness Nigeria’s share price surged to N462.90, up by 9.38% on a volume surge.
In the absence of price-pushing catalysts, Guinness Nigeria’s share price had been relatively flat over the last seven trading sessions at N423.2. Market activity has been rock-solid, though. Nairobi Index Climbs as Coop Bank, Equity Group Rally