Key Highlights:
Market Capitalization: Transcorp Hotel has rejoined the exclusive N1 trillion market capitalization club, known as the SWOOTs (Stocks Worth Over One Trillion).Share Price: The stock gained 9.33% on June 24, closing at N98.40 per share.Market Cap: This increase brought Transcorp Hotel's market capitalization to N1.01 trillion.
Historical Context:
First Achievement: Transcorp Hotel first surpassed the N1 trillion market cap level in January 2024.Decline: The market cap fell below N1 trillion in March 2024, with the share price dropping to N97.90 on March 15.Further Decline: In May 2024, the stock declined by 1.77%.
Performance:
Resurgence: The recent resurgence has propelled Transcorp Hotel back into the N1 trillion club.Year-to-Date Gain: The stock has gained 40.2% year-to-date.Year-on-Year Gain: The stock has seen a significant 639% increase year-on-year.
SWOOTs Members:
There are now 11 stocks in the Nigerian Exchange (NGX) with a market cap surpassing N1 trillion:
Airtel AfricaBUA CementBUA FoodsDangote CementGeregu PowerMTN NigeriaGTCO HoldingsSeplat EnergyTranscorp HotelZenith BankTranscorp Power
Market Capitalization: Transcorp Hotel has rejoined the exclusive N1 trillion market capitalization club, known as the SWOOTs (Stocks Worth Over One Trillion).Share Price: The stock gained 9.33% on June 24, closing at N98.40 per share.Market Cap: This increase brought Transcorp Hotel's market capitalization to N1.01 trillion.
Historical Context:
First Achievement: Transcorp Hotel first surpassed the N1 trillion market cap level in January 2024.Decline: The market cap fell below N1 trillion in March 2024, with the share price dropping to N97.90 on March 15.Further Decline: In May 2024, the stock declined by 1.77%.
Performance:
Resurgence: The recent resurgence has propelled Transcorp Hotel back into the N1 trillion club.Year-to-Date Gain: The stock has gained 40.2% year-to-date.Year-on-Year Gain: The stock has seen a significant 639% increase year-on-year.
SWOOTs Members:
There are now 11 stocks in the Nigerian Exchange (NGX) with a market cap surpassing N1 trillion:
Airtel AfricaBUA CementBUA FoodsDangote CementGeregu PowerMTN NigeriaGTCO HoldingsSeplat EnergyTranscorp HotelZenith BankTranscorp Power