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ALERT: 0.30% of TRANSCORP’s Outstanding Shares Traded on NGX on 010622

Jun 01, 2022   •   by   •   Source: Proshare   •   eye-icon 206 views
At the close of trading on Wednesday June 01, 2022, a total volume of 121.84m units of shares of Transcorp Plc valued at N156.15m were traded. 

 

This represents 41.25% of the total market volumes of 295.35m while the value of TRANSCORP shares traded represents 4.35% of the total market value traded which was put at N3.59bn.

 

Furthermore, the volume traded represents 0.30% of TRANSCORP’s total shares outstanding put at 40.65bn shares while the value of the shares traded also represents 0.30% of TRANSCORP market capitalization of N52.84bn as of June 01, 2022. 

 

A comparison of TRANSCORP’s volume traded with the previous day traded volume revealed that it increased by +40% from 86.74m to 121.84m units traded.

 

The share price of  TRANSCORP moved up by a tick size of 4.00% to close at N1.30k at the close of trading.

 

Year-to-date, TRANSCORP shares have moved up by +35.42% as against +24.01% YTD return recorded by the NGXASI, outforming the broad market index by 11.41%.

 

The huge volume traded today may be a related party transaction as previous directors dealings disclosure suggest.

 

Chart: 8 Days Share Price and Volume Movement

Source: NGX, Proshare Research

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