Old Mutual surge adds R4bn to market value as investors cheer

Shares in Old Mutual booked their biggest one-day gain in nine months, adding almost R4bn to its market value, as investors cheered the news that the insurer will distribute a portion of its stake in Nedbank.

Old Mutual, which traces its roots back to the mid-19th century as SA’s first mutual aid society with 166 members, will hand shareholders 12.2%, valued at just over R10bn, of its 19.4% stake in Nedbank, SA’s fourth-largest bank by assets, it said after the market closed on Wednesday...

Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. GregBdie thank you for your proper management,🙏🏻🙏🏻

대한민국 최근 뉴스, 대한민국 헤드 라인