capitalisation

The Nigerian Exchange Ltd.(NGX) equity market on Monday opened positively, as gains in newly listed Transcorp Power Plc and 22 others grew the overall market capitalisation by N1.86 trillion. The News Agency of Nigeria (NAN) reports that Transcorp Power earlier listed 7.5 billion shares by introduction at N240.00 per share, amounting to N1.8 trillion on the main board of the NGX. Peter Ikenga, Managing Director/Chief Executive Officer, Transcorp Power, said that the listing was to provide a platform through which…

Apple's market capitalization on Friday breached the $3 trillion (nearly Rs. 2,46,09,660 crore) mark for the first time since January last year, as investors bet on the iPhone maker's ability to grow its revenue even as it explores new markets such as virtual reality.Shares of Apple, which is also the world's most valuable- listed company, were up 1.3 percent at $191.99 (nearly Rs. 15,750) in morning trading.Apple's market value briefly peaked above $3 trillion in intra-day trading on January 3, 2022, before closing the…

New-age tech companies Paytm, Zomato, Nykaa, Policybazaar, CarTrade and Delhivery have together regained nearly one-third of the wealth investors in their shares had lost last year, thanks to their efforts towards profitability, reducing overheads and also due to rationalisation in their strategy on acquisition.These half a dozen stocks have gained almost Rs 45,000 crore in market value in 2023, after losing nearly Rs 1.59 lakh crore in 2022. Analysts believe they have caught the fancy of investors over the last two…

Nvidia has joined the exclusive club of companies with a $1 trillion market capitalization as the chipmaker benefits from the growing use of artificial intelligence.Nvidia Corp. joins tech titans like Alphabet, Apple and Microsoft in the $1 trillion club. Its stock rose 5% in Tuesday trading, eclipsing $408 per share. Since its initial public offering in 1999, the stock is up roughly 33% annually compared with an average annual gain of 7% in the benchmark S&P 500 index over the same time. Last week the maker of…

Turkish Airlines quickly overcame the negative financial effects of the Covid-19 pandemic, while Lufthansa's recovery period has been more difficult. Due to the decline in passenger demand during the pandemic, it was difficult for airline companies to raise funds through capital increase.…