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    Friday, July 10

    Transcorp Power Rebounds on Fresh Hunting

    Julius AlagbeBy Updated: Analysis 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 is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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