University Press Plc Soars by 35% in Fresh Rally
University Press Plc courted equities investors’ attention on the Nigerian Exchange (NGX) – gained more than 35% due to positive price appreciation.
The strong buying momentum lifted the company’s share price, which closed at N5.90 on Friday when 1.362 million units valued at N8.215 million were traded. The selloffs slow down its market re-rating, having breached the resistance level.
During the week, the stock hit its 52-week high at N6.17 before profit-taking activities reduced the momentum towards the end of the week.
The market now valued University Press Plc.’s 431.409 million shares outstanding at N2.545 billion, trading at a moderate discount to the highest value seen in 12 months in the Nigerian bourse. #University Press Plc Soars by 35% in Fresh Rally#
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