Transcorp Power Rallies 23% in One Week as Share Price Hits N219.60

Transcorp Power Plc gained 23.37% final week as sustained shopping for pushed its share worth from N178 to N219.60 regardless of a broader decline within the Nigerian equities market.

The energy firm’s shares added N41.60 throughout the week ended November 6, 2026, making it the second-best-performing inventory on the Nigerian Exchange behind Honeywell Flour Mills.

The rally gathered momentum throughout the week, with Transcorp Power leaping 9.97% from N184.60 to N203 on November 4 earlier than extending its advance to N219.60 by Friday.

From its opening degree of N178 for the week, the inventory delivered a achieve of N41.60 per share.

An investor who dedicated N100,000 across the N178 degree initially of the week would have recorded a paper achieve of roughly N23,370 by the top of the week, excluding transaction prices.

Transcorp Power’s efficiency was notably notable as a result of it got here throughout a troublesome week for the broader equities market.

The NGX All-Share Index declined 2.13% from 254,299.49 to 248,877.22, whereas 57 shares closed decrease in contrast with 29 gainers.

Major market indices additionally completed predominantly decrease. The NGX Premium Index declined 3.88%, the Banking Index fell 2.45%, whereas the Industrial Goods and Oil/Gas indices dropped 4.35% and three.72%, respectively.

Transcorp Power subsequently moved sharply towards the broader route of the market.

The firm’s 23.37% weekly advance was additionally considerably bigger than the positive factors recorded by most different shares.

Honeywell Flour led the market with a 30.82% enhance to N29.50, whereas eTranzact International adopted Transcorp Power with a 14.42% achieve to N18.65. AXA Mansard Insurance and The Initiates gained 9.77% and 9.57%, respectively.

The transfer above N200 additionally marked an vital extension of Transcorp Power’s current momentum after the inventory began the week under that degree.

With the share worth ending at N219.60 following a achieve of greater than 23% in 5 buying and selling periods, consideration will now shift as to if shopping for curiosity can maintain the rally or whether or not buyers who entered at decrease costs will start taking earnings after the sharp weekly appreciation.