Stock summary: Diginex posted weekly rise of 99.30% despite plunging on Friday

As of the close on January 24 at 7:54 PM GMT-5, Diginex Ord Shs finished trading at 8.55 USD, marking a substantial increase of +4.26 USD (99.30%) over the past five days.

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As of the close on January 24 at 7:54 PM GMT-5, Diginex Ord Shs finished trading at 8.55 USD, marking a substantial increase of +4.26 USD (99.30%) over the past five days. This surge indicates a strong surge in investor interest and an optimistic sentiment.

The stock opened at 10.00 USD and reached a high of 10.26 USD during the day, reflecting initial optimism. However, the price faced a sharp pullback, with the stock dipping to a low of 6.64 USD before recovering to close at 8.55 USD

In after-hours trading, the stock saw a decline to 7.90 USD, down 0.65 USD (7.60%), indicating some profit-taking or cautious sentiment following the dramatic price movement. Meanwhile Diginex’s market capitalisation remains unavailable. 

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Though the recorded overall gains throughout the week, it was plunging on Friday. Diginex also made an announcement about the closing of the initial public offering of 2.25 million shares at $4.10 per share for gross proceeds of about $9.2 million.

Disclaimer: This article is for informational purposes only and does not constitute any financial advice.