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Abidjan stock exchange: Nestlé Ivory Coast increases six consecutive days

03/05/2021
Categories: Index/Markets

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Nestlé Ivory Coast increased six consecutive days to 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 Securities Exchange (BRVM).

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

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