Tuesday, December 7

Despite bearish market, WAPCO appreciates by N10.47 billion in market cap


The shares of WAPCO Plc recorded a gain of 2.62% at the end of today’s trading session. The appreciation may be attributed to the buy-interests in the shares of the company inducing a gain of N10.47 billion in market capitalization at the close of trading activities on the stock exchange market.

The shares of the Cement maker advanced from N24.85 per share at the start of trading day, to N25.50 per share representing an increase of 2.62% which in monetary terms is N0.65.

The buy-interests witnessed in the shares of Wapco Plc positively influenced the company’s market capitalization from N400.28 billion to N410.75 billion, taking the appreciation to N10.47 million.

Share performance history

The shares of WAPCO Plc have gained 21.14% from year-to-date, starting the year at N21.05 and currently trading at N25.50. However, the shares of the company have returned about 30.77% gains for investors who bought them at their 52-week low trading price of N19.50 per share.

During today’s trading hours, 1,394,483 ordinary shares of WAPCO Plc worth about N35.79 million, were exchanged in 71 executed deals.

In comparison, the shares of Dangote Cement Plc and BUA Cement Plc remained unchanged to close at N280.00 and N74.50, respectively.

What you should know

At the end of today’s trading activities, the NGX All-Share Index and Market capitalization depreciated by 0.36% from the previous trading day, to close at 43,549.28 index points and N22.73 trillion respectively.



nairametrics.com

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