Prime Business AfricaTranscorp Hotels outperformed Ikeja Hotel in the Nigerian stock market in the first quarter (Q1) of 2025, according to analysis by Prime Business Africa.
It was gathered that Transcorp Hotels’ shareholders saw their investments in the company appreciate by 16.68 per cent, while investors in Ikeja Hotel recorded a 19.9 percent decline during the same period.
Join our WhatsApp ChannelFurthermore, the increase represents a combined gain of N198.19 billion for shareholders of Transcorp Hotels between January and March, resulting in the company’s market valuation rising in the Nigerian bourse.
During the three-month period, Transcorp Hotels maintained its presence in the stock market trillionaire club, as its equity valuation had increased from N1.18 trillion on January 2 to N1.38 trillion on March 28.
This followed a jump in Transcorp Hotels’ share value, which was N116 at the start of the first quarter, but appreciated to N135.35 kobo by the end of the period in review.
While Transcorp Hotels’ shareholders had a lot to celebrate during the period, investors in Ikeja Hotel suffered losses.
Ikeja Hotel’s shareholders recorded a combined loss of N4.43 billion after the company’s share value declined by 19.9 percent to N10.30 kobo from N12.35 kobo as bearish sentiment shrouded the firm’s stock.
Consequently, Ikeja Hotel’s market valuation plunged N26.70 billion at the start of the year to N22.27 billion at the end of the first quarter.
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