Transcorp Hotels Nears N1.3 Trillion Ahead of Earnings
Nigerian top hospitality player, Transcorp Hotels Plc, share price spiked strongly ahead of the company financial scorecard for 2024, trading record on the Nigerian Exchange revealed.
The hospitality player experience massive rush in as investors anticipate a better than expected earnings results for the year. In the local bourse, Transcorp Hotels climbed by 9.99% yesterday, taking the company’s share price to N126.1 from N114.65.
The price surge has lifted the hospitality company market value to about N1.3 trillion, ranking as the most valuable hotels among its listed peers on NGX.
Data from the Nigerian Exchange showed that about 339,000 shares of Transcorp Hotels plc were traded in the market on Wednesday. Today, just 8466 has been traded value at N1.126 million. #Transcorp Hotels Nears N1.3 Trillion Ahead of Earnings
