UNILEVER hits 5 year low   

Nov 5 (Lagos) - Shares of UNILEVER Nigeria Plc in today's session fell to its lowest price in 5 years dropping 9.93% to close fully offered at N 24.05. 

Today's downward performance came on the back of negative reactions to its Q3'19 result where revenue and PAT (2018: N9.50b; 2019: N541.00m) declined 28.60% and 94.35% respectively.

Today's decline increased the counter's YTD loss from -27.84% to -35.00%. Will foreign investors flock to save the stock, remains to be seen. 

reporting for easykobo.com on Monday, November 5 2019 from Lagos, Nigeria
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