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Home Markets Equities Stock Market

Presco’s market value increases by N900 million in one day

Chidinma AnyalewechibyChidinma Anyalewechi
1 year ago
in Stock Market
FY 2018: Presco Plc declares 200 kobo per ordinary share dividend
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At the end of today’s trading session, Presco Plc share price appreciated by 1.02% to close at N88.90 per share, taking the market capitalization from N88.00 billion to N88.90 billion.

Presco Plc, today recorded a gain in share price which can be attributed to investors’ positive sentiment which triggered buy-interests in the shares of the company supporting a gain of N900 million in market capitalization at the close of trading activities on the stock exchange.

The shares of the quoted FMCG company advanced from N88.00 per share at the start of the trading day to N88.90 per share, the highest price traded at the close of the market.

Read: Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

Stock performance summary

The buy-interests witnessed in the shares of Presco positively influenced the company’s market capitalization from N88.00 billion to N88.90 billion at the end of today’s trading activities, taking the gain to N900 million.

The shares of Presco Plc have gained 25.30% from year-to-date, starting the year at N70.95 and currently traded at N88.90. The company’s shares are currently trading N0.10 lower than its 52-week high of N89.00 per share. However, the shares of the company have returned about 28.84% gains for investors who bought them at their 52-week low trading price of N69.00 per share.

During today’s trading hours, 211,011 ordinary shares of Presco Plc worth about N18.75 million, were exchanged in 19 executed deals.

In comparison, the shares of Okomu Plc closed flat at N142.00 at the end of today’s trading session.

Read: Presco reports N5 billion profits in 9M 2020, up by 56.4% from last year

What you should know

The NGX All-Share Index and market capitalization depreciated by 0.05% from the previous trading day, to close at 43,230.34 index points and N22.56 trillion respectively, at the end of today’s trading activities,

The NGX Consumer Goods Index appreciated by 0.05% to close the day at 569.18 from 568.87 index points.

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Tags: NGXPresco Plc

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