VDF Group is a proprietary investment firm in Nigeria with interests in foreign exchange, debt investment, international remittance, real estate and payment businesses.
In a statement issued by the group company secretary/compliance officer of the NGX Group, Mojisola Adeola, “we have been formally notified by VDF Group Plc that its total shareholding in the Nigeria Exchange Group Plc stand at 5.17 per cent of the issued share capital of NGX Group as at 16, February, 2022.”
Meanwhile, the overall market capitalisation and the All Share Index of the NGX declined to N25.44 trillion and 47,207.27 points. At the end of the day’s trading, investors’ shareholding had shed N21.355 billion.On Tuesday, the market had seen a N7 billion rise in the overall market capitalisation, but Wednesday’s trading activities had broken the winning streak of the bull as African Prudential and Dangote Sugar led the 16 stocks that recorded loss in share value.
The share price of African Prudential declined to N7.35 having lost 5.77 per cent or N0.45 of its hare value while the share price of Dangote Sugar dropped to N17.05 from N18 after its shed 5.28 per cent of its share price. Other major losers at the end of yesterday’s trading include Chams, Mutual Benefit and Ecobank Transnational all of which shed 4.17, 3.70 and 2.98 per cents of their share price in the course of the day’s trading activities.