PZ Cussons Climbs by 14% Ahead of Earnings Approval
PZ Cussons Plc saw 14% positive price appreciation on the Nigerian Exchange (NGX) ahead of the board meeting. The company’s share price surged to N25 in the equities market on Friday from N22 at the beginning of the week due to improved investors’ sentiment.
The surge lifted the company’s market capitalisation to N99.261 billion, spread over its 3.970 billion shares outstanding in the local bourse. Data from the Nigerian Exchange showed that PZ is trading at a significant discount to its peak price in 52 weeks. A review of its trading results showed that the consumer goods stock is 37.5% behind its 52-week high of N40.
The Board of Directors of PZ Cussons Nigeria Plc will be meeting on Friday via the Teams platform to consider, amongst other things, the unaudited financial statements for the 2nd quarter and half year ended November 30, 2024.
Accordingly, the company declared the commencement of a closed period for trading in its shares starting on 1 December 2024. The close period will remain until twenty-four hours after the unaudited financial statements for the 2nd quarter and half year ended November 30, 2024, have been released to the market.
Management said no insider or their connected persons shall deal directly or indirectly in the securities of PZ Cussons Nigeria Plc during this closed period. #PZ Cussons Climbs by 14% Ahead of Earnings Approval # Conoil ‘Intimidating’ Rallies Boost Shareholders Wealth
