Geregu Energy positive aspects 10% on first day of buying and selling

The most recent listed inventory on the Nigerian Trade (NGX), Geregu Energy Plc gained 10% on the primary day of buying and selling closing the day at N110 per share. 

A complete of two.5 billion bizarre shares of Geregu had been listed at N100 per share, underneath the Utilities sector and Electrical Energy Technology sub-sector of NGX.

Geregu Energy, a number one energy era firm (GenCo) in Nigeria, is the primary GenCo to be listed on the NGX Primary Board, an inventory section for well-established firms with demonstrable information of accomplishments.

• The itemizing of Geregu’s shares has added N250 billion to the market capitalization of NGX, additional boosting liquidity within the Nigerian capital market and offering alternatives for wealth creation.
• In keeping with buying and selling knowledge seen by Nairametrics about 8.5 million shares of the corporate as traded at a median worth of N110 per share serving to the share worth to achieve 10% on the primary day of buying and selling.
• The shares was listed at N100 per share upon itemizing.

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