CWG Sold over 100 million Units on Listing

By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Computer Warehouse Group Plc (CWG) listed Friday on the Information and Communication Technology (ICT) sector of the Nigerian Stock Exchange (NSE) sold over a 100 million units on listing day.

CWG listed 2,524,825,359 ordinary shares of 50 Kobo each at N5.48 per share and closed at N5.74 with 101,375, 307 ordinary shares sold and valued at N556 million.

The company that emerged the first to be listed on the Nigerian Bourse following the launch of the new trading engine, X-Gen, which is the same engine that is used on the NASDAQ was supported by key market participants on its listing day thereby recording a five percent (5%) mark up of its share price to close the day at N5.74.

Comments are closed.