News Formal

Delisting of GSK, PZ, others to wipe N205bn from stock market cap

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 75%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

About N205.002 billion will be wiped from the Nigerian Exchange Limited (NGX) equities capitalization following the planned delisting of GlaxoSmithKline (GSK) Plc, PZ Cusson Plc, Oando Plc, Coronation Insurance Plc, and Capital Hotel Plc, from the stock market.

About N205.002 billion will be wiped from the Nigerian Exchange Limited equities capitalization following the planned delisting of GlaxoSmithKline Plc, PZ Cusson Plc, Oando Plc, Coronation Insurance Plc, and Capital Hotel Plc, from the stock market.

Vanguard findings show that the eventual delisting of GSK, which announced its intention to shut down its operation in Nigeria, will cost the market N15.49 billion in market value. Economy experts have, however, linked the company’s decision to scarcity of foreign exchange and the forex losses incurred by most companies following the devaluation of the Naira.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 5. in CH

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

NGX to Tinubu: Champion capital market reforms that will boost economic growthUmaru Kwairanga, chairman of the Nigerian Exchange Group Plc (NGX Group), has urged President Bola Tinubu to lead the capital market reforms that will drive the actualisation of his mandate of double-digit economic growth.
Herkunft: thecableng - 🏆 2. / 80 Weiterlesen »