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VERIFIEDET Markets·neutral
Did City Union Bank shares really crash 23% in one day? Here's how the bonus math works
AI Summary
- ·City Union Bank shares appeared to fall 23% after turning ex-bonus following its 1:3 bonus issue.
- ·The decline was purely technical, with adjusted prices showing the stock actually gained on the day.
- ·The move reflects share price recalibration, not value erosion, as the bank continues to post steady financial performance.