CEM REPORT, MARKET | Tripple Gee & Co. Plc shares emerged top gainer in the last week trading at the Nigerian Exchange ahead of nine other top gainers, NGX weekly summary report has revealed.
TRIPPLEG opened the week’s trading at 0.80 and appreciated to 1.05 at which it closed trading, gaining 0.25 representing 31.25% to top gainers table. This is a remarkable recovery from 2022 deep having staggered down from the 0.96 with which it opened the year trading to 0.79 as at last day of trading in December.
The stock had appreciated to 0.80 by January 13 2023 where it remained till last week gains occasioned by bulls dominance at the week trading.
Tripple Gee & Co. Plc is currently the 141st most valuable stock on the NGX with a market capitalization of NGN 520 million, which makes about 0.0018% of the Nigerian Stock Exchange equity market. It is also the 97th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 28, 2022 – Jan 27, 2023). TRIPPLEG has traded a total volume of 4.13 million shares—in 179 deals—valued at NGN 3.6 million over the period, with an average of 65,482 traded shares per session. A volume high of 1.25 million was achieved on January 27th for the same period.
Tripple Gee & Co. Plc which was incorporated in April, 1980 as a private Limited Liability Company, is a major player in Security Printing market. produces high quality, secured print products; financial instruments, secured business and commercial documents, flexible packaging and specialized card services.
The company has consistently increased its turnover in the last three years. According to the 2021 financial report, the company had an appreciated turnover of NGN2.006 billion, a 52% increase from the NGN1.321 billion it recorded in 2021. The 2021 turnover represent 68.319% from the NGN784.795 million 2019 turnover.
Profit after tax has moved from NGN27.613 million in 2019 to NGN85.88 million in 2021 with PAT of NGN37.535 million in 2020.
In March, 2022, Tripple Gee & Co. Plc appeared in the Financial Times list of Africa’s fasted growing companies with a growth rate of 170.142% along side with other 19 companies from Nigeria.
Summary of NGX weekly report for week ended 27th Jan
The NGX All-Share Index and Market Capitalization appreciated by 0.12% to close the week at 52,657.88 and N28.681 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX 30, NGX CG, NGX Premium, NGX MERI Growth, NGX Consumer Goods and NGX Sovereign Bond, indices which depreciated by 0.07%, 0.05%, 0.45%, 1.21%, 1.09% and 2.30% respectively, while the NGX ASeM index closed flat.
Forty-four (44) equities appreciated in price during the week, higher than thirty-nine (39) equities in the previous week. Twenty-nine (29) equities depreciated in price lower than thirty (30) in the previous week, while eighty-four (84) equities remained unchanged, lower than eighty-eight (88) equities recorded in the previous week.
A total turnover of 756.769 million shares worth N13.653 billion in 18,248 deals was traded in contrast to a total of 1.241 billion shares valued at N15.668 billion that exchanged hands last week in 18,560 deals.
Top three equities traded were FBN Holdings Plc, Guaranty Trust Holding Company Plc and Fidelity Bank Plc, which accounted for 165.522 million shares worth N2.320 billion in 2,530 deals, contributing 21.87% and 16.99% to the total equity turnover volume and value respectively.