Transcorp Hotel has rejoined the N1 trillion market capitalization club, also known as the SWOOTs.
Stocks Worth Over One Trillion Market Cap is an acronym for the most capitalized stock on the Nigerian Exchange.
Transcorp Hotel gained 9.33% on June 24 to close with a share price of N98.40 per share, bringing its market capitalization to N1.01 trillion.
Market report
The stock market started the week off on a bearish note, as the All-Share Index declined by 0.44% to close at 99,304.12 points, representing 438.93 points from last Friday’s 99,743.05 points.
The NGX market cap also declined by N248.3 billion, as the market cap closed at N56.175 trillion, down from N56.424 trillion during the previous trading session.