• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

Nestlé’s capitalization on NSE sheds $251 million in market value in Q1 2021

4 years ago
in highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
72
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Tribute from CUTS International: “These Men Are Worth Our Tears”

World Bank Joins African Development Bank and Mastercard as Co-Chair of Mobilizing Access to the Digital Economy Alliance

OpenAI Launches GPT-5, Expands ChatGPT Power to 700m Users

Nestlé Nigeria Plc lost a total of N103 billion ($251 million) in market capitalization in the first quarter of 2021, following the decline in the shares of the leading fast-moving consumer goods company.

The decline in the shares of the famed producer of the popular Milo beverage brand was driven by sustained sell-down by investors in the months of February and March, triggered by the need to cycle funds into fixed-income securities.


The move which dropped the shares of the company by 8.64% on the NSE, pressured the company’s market capitalization to about N1.090 trillion at the end of the first quarter of 2021.

Data tracked on the website of the Nigerian Stock Exchange revealed that Nestlé’s shares declined from N1,505 per share on the 31st of December 2020, to N1,375 per share on the 31st of March 2021. This translates to a N130 per share or 8.64% decline in the shares of Nestlé.

In line with this, the market capitalization of Nestlé Nigeria Plc declined from N1.193 trillion on the 31st of December 2020, to N1.090 trillion on the 31st of March.

What you should know

  • Nestlé Nigeria was not the only FMCG company impacted by the sell-off which started in February. Other FMCG companies like Unilever, PZ and Cadbury saw their shares on the Exchange decline by 3.6%, 8.49% and 8.33% respectively during the quarter.
  • The NSE Consumer Goods Index, an investable benchmark designed to track the performance of consumer goods companies like Nestlé Nigeria Plc, depreciated by 5.30% in the first quarter of 2021.
  • The index lost a total of 30.41 index points between 31st of December 2020 and 31st of March 2021, following sustained sell down in the shares of listed consumer goods companies on the NSE.

Source: nairametrics
Via: norvanreports
Tags: market capitalizationNestlé Nigeria PlcNigerian Stock Exchange
No Result
View All Result

Highlights

Energy Analysts Urge Operational Efficiency as Tullow Oil Swings to $61m Loss in H1 2025

Rebased GDP and Welfare of the Average Nigerian

Meet Stephen Miran, Trump’s Newest Federal Reserve Board Pick

CHAN 2024: Kenya Holds Angola to Draw While DR Congo Claims Vital Win Over Zambia

Teen Sensation Victoria Mboko Stuns Naomi Osaka to Claim Maiden WTA 1000 Title at Canadian Open

Government Unveils Plan to Grow Textile and Garment Industry to $2bn by 2033

Trending

Features

Tribute from CUTS International: “These Men Are Worth Our Tears”

August 8, 2025

Tribute from CUTS International: “These Men Are Worth Our Tears”  “In our sleep, pain which cannot forget...

World Bank Joins African Development Bank and Mastercard as Co-Chair of Mobilizing Access to the Digital Economy Alliance

August 8, 2025

OpenAI Launches GPT-5, Expands ChatGPT Power to 700m Users

August 8, 2025

Energy Analysts Urge Operational Efficiency as Tullow Oil Swings to $61m Loss in H1 2025

August 8, 2025

Rebased GDP and Welfare of the Average Nigerian

August 8, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.