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NGX Weekly: Cadbury lists 402.1m additional shares, investors lose N54bn

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Cadbury News

NEM Insurance,NGX,Shares

Additional 402,082,657 ordinary shares of 50 Kobo each of Cadbury Nigeria Plc (Cadbury) were listed on the Daily Official

Additional 402,082,657 ordinary shares of 50 Kobo each of Cadbury Nigeria Plc were listed on the Daily Official list of Nigerian Exchange Ltd. in the concluded week. A weekly report of the NGX made available to newsmen in Lagos stated that the Cadbury additional shares were listed during the week. The NGX explained…Additional 402,082,657 ordinary shares of 50 Kobo each of Cadbury Nigeria Plc were listed on the Daily Official list of Nigerian Exchange Ltd. in the concluded week.

Meanwhile, the April 2024 Issue of the Federal Government of Nigeria Savings Bonds was listed on the NGX on Monday. In the course of trading for the week, trade turnover settled 15.8 per cent lower than the previous session. Meanwhile, the Financial Services Industry, measured by volume, led the activity chart with 979.479 million shares valued at N16.647 billion traded in 20,708 deals. This contributed 59.30 per cent and 39.01 per cent to the total equity turnover volume and value respectively.

On the losers’ table, PZ Cussons Nigeria led by 22.16 per cent to close at N21.60, NEM Insurance followed by 18.36 per cent to close at N8.45 per share. Eterna Plc lost 18.32 per cent to close at N11.15, United Bank of Africa shed 17.23 per cent to close at N21.85, and The Initiates Plc dropped 15.22 per cent to close at N1.95 per share.

The Emirates Group will award eligible employees a five-month salary as a bonus after the company announced a significant profit of AED 18.7 billion .

NEM Insurance NGX Shares UBA

 

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