NAHCO PLC SHARES RECORD OVER 40% RETURNS TO SHAREHOLDERS IN ONE MONTH
The shares of the company have gained 52.41% from year-to-date. In a month, the share price of NAHCO Plc, appreciated by 42.50% to close at N5.70 per share, taking the market capitalization to N9.26 billion.
The growth in share prices which was recorded by the company can be attributed to the impressive Audited financial performance declared recently for the period ended, December 31, 2021. In addition, the company’s shares improved on the back of investors’ dividends and bonus issue anticipation, as announced earlier this month.
Hence, the rally in the shares of the company resulted in a gain of N2.76 billion in market capitalization at the close of trading activities on Nigeria’s stock exchange.
– The shares increased from N4.00 per share as at March 14, 2022, to N5.70 per share, on April 14, 2022, to represent a growth of 42.50% which in monetary terms is N1.70. – The buy interests witnessed in the shares of NAHCO Plc positively influenced the company’s market capitalization from N6.50 billion to N9.26 billion at the end of the day’s trading activities, taking the gains to N2.76 billion. – The shares of the company have gained 52.41% from year-to-date, starting the year at N3.74 and currently traded at N5.70. – The company’s shares are currently trading 2.56% lower than their 52-week high at N5.85. However, the shares of the company have returned about 183.58% gains for investors who bought them at their 52-week low trading price of N2.10 per share.