Guinness Nigeria Hits 52-Week High as Investors Sentiment Rises
Guinness Nigeria Plc’s stock market value increased by about 29% as investors increased their interest in the brewer company in anticipation of a stronger future earnings stream.
The company trading in the consumer goods category on the exchange recorded a successive price uptick that started on Tuesday and closed on Friday, reflecting investors’ positive sentiment.
According to data from the Nigerian Exchange (NGX), Guinness Nigeria Plc’s share price rose to N183.90 on Friday, driven by higher buy volume.
The latest share price level marks its highest value in 52 weeks versus N61.2, the lowest in the same period. Market analysts noticed that the company’s share price climbed after 437,510 units of Guinness Nigeria valued at N78.961 million were traded in the local bourse.
The significant price appreciation was driven by sentiment, driven by buy side investors seeking to take positions ahead of third quarter of 2025 earnings period.
Guinness Nigeria Plc which opened the week at N143per share ended the week at N183.90. The company market value surged by 28.6% week on week to close at N402.811 billion, spread across its 2.190 billion shares outstanding.
In a statement, Guinness Nigeria Plc reaffirmed its commitment to remaining a publicly listed entity on the Nigerian Exchange despite the ongoing Mandatory Takeover Offer by N Seven Nigeria Limited, a subsidiary of Tolaram Group.
The MTO, which involves up to 481.36 million ordinary shares at N81.60 per share, is in line with regulatory provisions under the Investment and Securities Act and the Securities and Exchange Commission rules governing mergers and acquisitions.
Speaking on the development, the Managing Director of Guinness Nigeria, Girish Sharma, assured stakeholders that the takeover offer would not affect the company’s listing status or its operational direction.
“Guinness Nigeria has built a legacy of excellence spanning 75 years, and we remain focused on delivering quality, innovation, and value to all our stakeholders. The launch of the MTO is in line with regulatory provisions and does not affect our ability to continue operating as a market leader,” the management said.
In the period end June, Guinness Nigeria posted N16.303 billion as profit, reversing a N54.66 billion net loss in the comparable period.This happened despite reduced revenue. The company’s revenue declined to N118.7 billion from N299.489 billion. Nigeria’s 12 Highest-Paid CEOs in Quoted Companies
