GUINNESS - Guinness Nigeria

Mar 28, 2023 at 09:50 Twitter · Facebook

GUINNESS share price on Nigerian Stock Exchange

Guinness Nigeria Plc is a beer-brewing company that packages and markets beverages such as Guinness Foreign Extra Stout, Guinness Extra Smooth, Malta Guinness, Gordon’s Spark, and Harp Lager beer. Other brands include Smirnoff Ice, Armstrong Dark Ale, Satzenbrau Pilsner, Top Malt, Harp Lime, Dubic Extra Lager, and most recently, Malta Guinness Low Sugar. Nigeria is the world’s second-largest market for Guinness brands of beverages.

Guinness Nigeria became the first Guinness brewery outside of the British Isles when the first bottle of Guinness Foreign Extra Stout was brewed in November 1963, three years after Nigeria’s independence. Two years later, the company listed on the Nigerian Stock Exchange. Guinness Nigeria is currently the only total beverage company in Nigeria, meaning the only company with a wide portfolio of brands catering to alcohol and non-alcohol drinkers, with spirits, lager and beers, and non-alcoholic drinks.

Guinness Nigeria is listed on the Nigerian Stock Exchange (NGX) since January 2nd, 1965. Guinness is traded on the NGX under the ticker symbol “GUINNESS”. The International Securities Identification Number (ISIN) of NGX:GUINNESS is NGGUINNESS07. Guinness Nigeria is currently the 21st most valuable stock on the NGX with a market capitalization of NGN 153 billion, which makes about 0.524% of the Nigerian Stock Exchange equity market.

GUINNESS Stock Market Performance

The current share price of Guinness Nigeria (GUINNESS) is NGN 70.00. GUINNESS closed its last trading day (Monday, March 27, 2023) at 70.00 NGN per share on the Nigerian Stock Exchange (NGX). Guinness began the year with a share price of 69.30 NGN and has since gained 1.01% on that price valuation, ranking it 69th on the NGX in terms of year-to-date performance.

Guinness Nigeria is the 75th most traded stock on the Nigerian Stock Exchange over the past three months (Dec 28, 2022 - Mar 27, 2023). GUINNESS has traded a total volume of 13.9 million shares—in 2,773 deals—valued at NGN 940 million over the period, with an average of 219,998 traded shares per session. A volume high of 1.89 million was achieved on January 27th, and a low of 11,771 on March 24th, for the same period. The table below details the last 10 trading days of activity of Guinness Nigeria on the Nigerian Stock Exchange.

Profile of Guinness Nigeria Plc

Guinness Nigeria Plc was founded on April 29, 1950 and operates in the Consumer Goods sector, specifically, the Beverages industry. Guinness Nigeria contracts an estimated total number of 822 employees. The company is led by Baker Magunda as its Managing Director/CEO, since 2018. The company's board of directors, chaired by Babatunde Savage, is composed of 14 members whose names are listed below.

1. Savage, Babatunde
   Non-Executive Chairman
2. O'Keeffe, John
   Non–Executive Vice Chairman
3. Magunda, Baker
   Managing Director/CEO
4. Njoroge, Stanley
   Finance and Strategy Director
5. Odusola, Rotimi
   Legal Director/Company Secretary
6. Rewane, Bismarck
   Non-Executive Director
7. Breen, Leo
   Non-Executive Director
8. Sandys, Mark
   Non-Executive Director
9. Abdulrrahman, Zainab (Hajia.)
   Independent Non-Executive Director
10. Dogonyaro, Sunday (Ambassador)
    Independent Non-Executive Director
11. Edozien, Ngozi
    Independent Non-Executive Director
12. Johnson, Omobola
    Independent Non-Executive Director
13. Ayeni, Yemisi
    Independent Non-Executive Director
14. Ajogwu, Fabian
    Independent Non-Executive Director

GUINNESS Industrial Market Competitors

Guinness Nigeria Plc, issuers of the GUINNESS stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Consumer Goods sector and/or Beverages industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange