Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

Presco Plc gains N8.75 billion in market value in one day, appreciates by 9.97%

Chidinma Anyalewechi by Chidinma Anyalewechi
February 1, 2022
in Stock Market
Presco financial statement, Presco shares on NSE

Presco financial statement, Presco shares on NSE

Share on FacebookShare on TwitterShare on Linkedin

At the end of yesterday’s trading session, Presco Plc share price appreciated by 9.97% to close at N96.55 per share, taking the market capitalization from N87.80 billion to N96.55 billion.

Presco Plc recorded a gain in share prices which can be attributed to investors’ positive sentiment which triggered buy-interests in the shares of the company supporting a gain of N8.75 billion in market capitalization at the close of trading activities on Nigeria’s stock exchange.

The shares of the quoted FMCG company appreciated from N87.80 per share at the start of the trading day to N96.55 per share, the highest price traded at the close of the market, to represent a gain of 9.97% which in monetary terms is N8.75.

RelatedPosts

FMDQ Exchange lists Presco’s N50 billion bond

Nigerian Exchange fines Presco, Japaul, two others N10 million for default filings

Stock performance summary

The rally witnessed in the shares of Presco positively influenced the company’s market capitalization from N87.80 billion to N96.55 billion at the end of today’s trading activities, taking the gains to N8.75 billion.

The shares of Presco Plc have gained 9.97% from year-to-date, starting the year at N87.80 and currently traded at N96.55. The company’s shares are currently trading at its 52-week high of N96.55 per share. However, the shares of the company have returned about 39.93% gains for investors who bought them at their 52-week low trading price of N69.00 per share.

News continues after this ad


During yesterday’s trading hours, 2,119,085 ordinary shares of Presco Plc worth about N203.06 million, were exchanged in 218 executed deals.

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

News continues after this ad


What you should know

  • Presco Plc has reported a revenue growth of 97.68% in FY 2021, from N23.89 billion in the corresponding period of 2020 to N47.23 billion. Similarly, Net profit appreciated significantly by over 250% Y-o-Y, from N5.26 billion in 2020 to N18.87 billion in the current period.
  • At the end of yesterday’s trading activities, the NGX All-Share Index and market capitalization appreciated by 0.91% from the previous trading day, to close at 46,624.67 index points and N25.12 trillion respectively.

Related

Tags: Presco Plc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Equity market gains N43 billion in market cap to erase previous day’s loss
    • Applause as LandWey earns ISO 9001:2015 Certification on Quality Management System
    • Court arraigns businesswoman and her company, Savannah Crest Investment for alleged N110 million investment fraud

    Follow us on social media:

    Recent News

    Closed Period, Investors' demand for Nigerian stocks climb, as portfolio investment gains N223.4 billion, NSE CGI down by 0.93%, as shares of Unilever, Dangote Sugar, PZ decline, Positive Sentiment drives N13.54 billion Appreciation in Market Capitalization

    Equity market gains N43 billion in market cap to erase previous day’s loss

    August 16, 2022
    Applause as LandWey earns ISO 9001:2015 Certification on Quality Management System

    Applause as LandWey earns ISO 9001:2015 Certification on Quality Management System

    August 16, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com