Legend Internet Investors Pocket 48% Gain in 1-Week
Indigenous broadband company Legend Internet Plc joined heavy risers in the equities market. Investors made 48% on the tech company as its share price increased sharply following heavy bargain hunting.
The increased demand for Legend Internet Plc shares pushed its market value to N15.80 billion, spread over its 20 billion shares outstanding on the Nigerian Exchange.
Thus, an investment worth N1 million in Nigeria’s last-mile fiber-to-the-home broadband provider could have surged to N1.480 million due to monster rallies that nudged its share price higher by 48.3% in the stock market.
Trading data from the Nigerian Exchange showed that Legend Internet Plc has so far gained 40.42% above its listing price in April 2025.
The tech-linked stock surged to N7.92 in the equities market on Friday, supported by volume purchased by buy-side actors, up from N5.34 at the beginning of the trading week.
In April, Nigeria’s leading last-mile fiber-to-the-home broadband provider listed 2 billion ordinary shares at N5.64 per share by way of introduction on the Main Board of the Nigerian Exchange.
Legend Internet Plc was valued at N11.28 billion when it was listed in April. Reflecting positive expectations of investors, the company’s market value has now surged to N15.840 billion. #Legend Internet Investors Pocket 48% Gain in 1-Week Nigeria Boosts Trade Surplus to N5.17trn as Imports Taper
