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Abidjan Stock Exchange: Nestlé Côte d'Ivoire makes six successive days of rise

03/05/2021
Categories: Index/Markets

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Nestlé Côte d'Ivoire is up six successive days at more than 6% on the Abidjan Stock Exchange. The post-covid-19 period looks good for investors who have acquired Nestlé Côte d'Ivoire shares on the Regional Stock Exchange (BRVM).

Investors will have an attractive return and record capital gain. Nestlé Côte d'Ivoire closed on Wednesday, April 28, 2021, on a sixth consecutive day of increase at more than 6% on BRVM. Since the first of January, its value has already increased by 176.5%. This is a strong start after four consecutive years of decline.
Nestlé CI has decided to distribute nearly CFAF 9 billion in dividends to its shareholders. For the public, which holds 19.14% of the company's shares in the BRVM, this represents a return of 58% based on the closing price of April 21 (625 CFA francs), compared to the average market return of 7.7%.

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