Veritas Kapital Climbs by 20% ahead of Q3 Earnings Release
Nigerian Exchange listed Veritas Kapital Assurance Plc climbed by 20% after the company board of directors announced plan to approve third quarter earnings release.
Share price rose from N1.44 in the equities market to N1.68 on Friday due to positive price movements. This translates to N3.327 billion gain week on week in the stock market.
MarketForces Africa observed that investors exchanged huge volume of Veritas Kapital share capital in the market. The stock made uptrend throughout the week except on Thursday when it plunged slightly to N1.65 from N1.66.
At the current market price, Veritas Kapital Plc is trading at less than 6.7% to its 52 week. According to data from the local bourse, the latest rally has lifted the company market value to N23.295 billion.
Last week Veritas Kapital Board of Directors told the Nigerian Exchange it would be approving the third quarter, of 2024 Unaudited Financial Statements of the company by circularization.
The board revealed plan to meet on November 7, 2024 to ratify the third quarter, 2024 Unaudited Financial Statements and review the operational strategies of the Company. #Veritas Kapital Climbs by 20% ahead of Q3 Earnings Release
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