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%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 5. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: thecableng - 🏆 2. / 80 Lees verder »