DataPro Group, which listed on the AltX on 18 October, has accounted for 69% of the value traded and 45% of the number of deals on the exchange since its listing, said James Herbst, executive director at DataPro.
"This lives up to a number of our pre-listing promises, the foremost being our intention to be the darling of AltX," said Herbst. "What we have to do now is deliver earnings that will excite the market and this is what it is really all about."
Noah Greenhill, manager of AltX, said: "Thirty days later and we are delighted with what we see. Liquidity and market capitalisation are important aspects for any market and DataPro certainly adds credibility in this area."
"We are pleased with our performance thus far," added Herbst. "Since listing, 9.4 million shares in DataPro have traded in 320 deals with a value of R6.1 million. DataPro has accounted for 69% of the total value traded and 45% of the total number of deals on AltX since its listing."
Relative to the other companies listed on AltX, the total value of DataPro shares traded in the last 30 days was 5.47 times greater than its nearest contender.
DataPro currently makes up 46% of the market capitalisation of AltX. Its share price has increased 24% since listing and Douglas Reed, Managing Director of DataPro Group, believes: "The market has taken a view on the impending telecommunications liberalisation and has obviously rated DataPro as a leading contender in the network provider race.
"We are well positioned to take significant market share and the listing has certainly added to the impetus," he added.
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