Price Performance of Stocks in Manufacturing/ Industrial Sector

Manufacturing has generally been described and accepted as an engine of growth and development of any country. In modern economies, industrialization under industrial sector is widely conceived as critical tool for accelerating economic growth and development. In as much as individuals have taken the bull by the horns to dabble, investors had got lower than encouraging cash dividend payout over the years.

To a large extent, manufacturing companies in Nigeria have over the years scaled through several hurdles and obvious challenges to remain in business, top of these is financing while others include infrastructure, low purchasing power and Government policies.

Research has revealed that most manufacturing companies in Nigeria survive majorly on credit facilities. Unfortunately, high cost of financing had largely impacted negatively on profitability.

Performance of stocks in the manufacturing and industrial sector in 2019 was rather poor as most of them declined in their share prices year to date.

In the manufacturing/industrial sector in 2019, only 4 stocks emerged as gainers while 33 stocks declined in their share prices.

GAINERS IN 2019

  • Thomas Wyatt emerged top in the manufacturing sector with 65.22% growth, closing the year 2019 with the share price of 38 kobo from 23 kobo.
  • John Holts closed the year 2019 at 56 kobo, growing its share price by 27.27% from 44 kobo.
  • WAPCO (Lafarge), grew its share price 22.89% in year 2019 closing the year at N15.30 from N12.45.
  • Cadbury grew its share price in 2019 by 5.50%, closing the year 2019 at N10.55 from N10.00.

 

PRICE DECLINERS IN 2019

  • International Breweries was the highest price decline in 2019 as it sheds 68.65% of its share price, closing the year at N9.5 from N30.50.
  • Guinness Nigeria shed 58.26% of its share price in 2019, closing the year at N30.05 from N72 it opened at the beginning of that year.
  • Glaxosmith shed 57.93% of its share price in 2019 closing the year at N6.10 from N14.50 it opened at the beginning of 2019.
  • PZ Nigeria declined its share price by 53.31%, closing the year at N5.65 from N12.10.
  • Champions Breweries closed the year 2019 at N0.95, shedding 52.26% of its share price from N1.99.
  • University Press shed 41.28% of its share price to close 2019 at N1.28 from N2.18.
  • Unilever shed 40.54% of its share price to close at N22 from N37 at the beginning of 2019.
  • Fidson Healthcare closed the year 2019 at N3.1, shedding its share price by 37.37% from N4.95.
  • CAP Plc shed its share price by 31.13%, closing the year at N24 from N34.85.
  • Nigerian Breweries closed the year 2019 at N59, shedding 30.99% of its share price from N85.50.
  • National Salt shed 28.06% of its share price, closing the year 2019 at N12.95 from N18.
  • Dangote Cement closed the year 2019 at the share price of N142, shedding 25.14% of its share price from N189.7.
  • Honeywell Flour Mills shed 22.66% of its share price to close the year 2019 at N0.99 from N1.28.
  • Berger Paints closed the year at N6.75, shedding 21.51% of its share price to close at N8.60.
  • Beta Glass shed 21.23% of its share price, closing the year at N53.80 from N68.30.
  • May & Baker closed the year at N1.93, shedding 21.22% of its share price form N2.45.
  • Neimeth shed 20.51% of its share price, closing the year 2019 at N0.62 from N0.78.
  • Cutix Plc closed the year at N1.33, shedding its share price by 18.90% from N1.64.
  • Flour Mills of Nigeria shed 14.72% of its share price to close the year 2019 at N19.7 from N23.10.
  • Portland Paints closed the year at N2.23, shedding 11.51% of its share price from N2.52.
  • Dangote Sugar shed 10.82% of its share price to close the year at N13.60 from N15.25.
  • Northern Nigerian Flour Mills closed the year at N4.3, shedding its share price by 10.42% from N4.80.
  • Chellarams shed 9.74% of its share price to close the year 2019 at N2.78 from N3.08
  • Premier Paints shed 9.62% of its share price to close the year 2019 at N9.40 from N10.40.
  • Meyer Plc closed the year at N0.54, shedding its share price by 8.47% from N0.59.
  • Cement Company of Northern Nigeria shed 6.70% of its share price to close the year 2019 at N18.1 from N19.40.
  • MCNICHOLS closed the year at N0.46, shedding its share price by 2.13% from N0.47.
  • Aluminium Extrusion shed 1.22% of its share price to close the year 2019 at N8.1 from N8.20.
  • Nestle Nigeria closed the year at N1,469.9, shedding its share price by 1.02% from N1,485.
  • Julius Berger shed 1.00% of its share price to close the year 2019 at N19.9 from N20.10.

 

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