Big Treat Plc, Deap Capital Management and Trust Plc appreciate since listing
January 17th, 2008 The Editor || eic@stockmarketnigeria.com
By Tunde Brown
Big Treat Plc, a confectioneries outfit in the food and beverage sub sector of the Nigerian Stock Exchange was listed by way of introduction on the Nigerian Stock Exchange late November 2007. The stock has remained investors’ toast, due to the progressive appreciation the price has enjoyed since listing.
The company stock, which was listed at an initial price of N2.85, has since appreciated in value by over 219 per cent, closing N9.09 at the end of trade on 15th January 2008. The stock has been pretty scarce, and most of the deals that have resulted in the price movement are cross deals. One factor responsible this trend aside it being a stock with high potentials is the fact that the share certificates are not in circulation, hence the price’s upward movement is likely to continue in the foreseeable future.
Similarly Deap Capital Management and Trust Plc, one of Nigeria’s leading and highly diversified fund management companies was listed on 17th December 2007 at N2.88 per share. The investors’ high confidence in the equity has lifted the share price which closed at N4.41 on Monday 15 January 2008, representing 46 per cent appreciation.
A statement released recently revealed that investors have traded a total volume of 35.110 million shares in 520 deals. Specifically, as at the week ending 11th January 2008, a total of 30,229,276 units were traded in 289 deals.
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