Transcorp Climbs as Investors Re-Enter Positions
Transnational Corporation Plc surged as investors started making fresh entries into the conglomerate stocks on the Nigerian Exchange trading platform on Thursday.
With focus on portfolio that spans power, resources and hospitality, Transcorp has been less volatile in the local bourse after interim dividend announcement.
But then, the upside was constraint when compared with monster rally experienced in the Nigerian stock market. Huge trading volume of more than 1.263 million units valued at N59.594 million lifted the company’s share price upward by 8.04% on Thursday.
With additional information that reflect changes in its market fundamental, Transcorp Plc gained more than 8% that boosted its market valuation above N505 billion.
At the close of trading session on Thursday, Transcorp Plc.’s 10,161,997,574 was valued at N505.051 billion, significant discount to its highest valuation in 52-week.
Transcorp Group’s H1 2025 revenue grew by 59% from N175.4 billion in 2024 to N279.7 billion, while profit before tax grew by 21%, to close at N85.7 billion compared to N70.9 billion recorded in H1 2024. #Transcorp Climbs as Investors Re-Enter Positions#
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