Africa-Press – Eswatini. Nkonyeni Pre-Cast (NPC) seems to be on the right track as its share price has increased since the listing last year.
According to the Eswatini Stock Exchange (ESE) fourth quarter report, the increase of NPC’s share price has contributed to the increase in the All-Share Index of the ESE. According to the report, the ESE All Share Index increased by 0.62 per cent from 469.88 at the end of the 3rd quarter 2023 to 472.77 at the end of the 4th quarter of 2023. Trading during the quarter was moderate and there were trades that managed to influence the All-Share Index increase/decrease.
There were two share price changes, NPC share price increase, Swaprop share price decrease and the rest of the listed companies share prices remained unchanged over the period under review except for Swaprop share price decrease. Year-on-year, the All-Share Index increased from 460.11 in the 4th Quarter 2022 to 472.77 in the 4th Quarter 2023 reflecting a 2.75 per cent increase.
Price
The increase on a year-on-year is due to share price increases from Nedbank, Inala, Greystone, NPC and Swazi Empowerment Limited, even though it was slightly offset by the share price decrease from Swaziland Property Investments Limited. The biggest price movement on a yearly basis was from Inala Capital Limited, followed by Greystone Partners Limited, then Nedbank Eswatini Limited and lastly Swazi Empowerment Limited (SEL).
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