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    Saturday, April 18
    Analysis

    Transcorp Power Rebounds on Fresh Hunting

    Julius AlagbeBy Updated:No Comments1 Min Read
    Transcorp Power Rebounds On Fresh Hunting

    Transcorp Power Rebounds on Fresh Hunting

    Transcorp Power Plc rebounded sharply in the stock market as value hunters spotted upside potential ahead of the second quarter of 2025 earnings season. The company’s market value had dropped in the previous week due to a selloff pushed by investors’ weak sentiment.

    The company’s share price rose sharply to N320 in the equities market on Wednesday, up by 8.22% from N295.7, as investors traded more than 7 million units of the power stock.

    The transaction that pushed Transcorp Power Plc share price boosted its market value to N2.40 trillion, according to trading data obtained from the Nigerian Exchange. Transcorp Power is now trading at 12% discount to its highest value of N364.90 in 52 weeks.

    Stockbrokers said the discount to its 52-week high and the company’s strong business fundamentals provide reason for investors to take positions ahead of earnings season. #Transcorp Power Rebounds on Fresh Hunting Dangote Cement Opens N100bn Commercial Papers for Subscription

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    Julius Alagbe has about 2 decades of experience in finance, accounting and economics. A fantastic financial analyst with experience in the media, research and consulting industry.With an education background from top global institutes like Imo State University, the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Administration/Nigerian College of Administration, and Julius has focused on anything that trends, figures, and projections can explain.Apart from his reportage skills, Julius has cut his teeth in Due Diligence, Advisory Service, Research, and Training.

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