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ALERT: 0.41% of TRANSCORP’s Outstanding Shares Traded on NGX on 090622

Jun 09, 2022   •   by   •   Source: Proshare   •   eye-icon 1051 views


At the close of trading on Thursday June 09, 2022, a total volume of 165.21m units of shares of TRANSCORP Plc valued at N225.90m were traded. 

 

This represents 51.88% of the total market volumes of 318.42m while the value of TRANSCORP shares traded represents 6.77% of the total market value traded which was put at N3.34bn.

 

Furthermore, the volume traded represents 0.41% of TRANSCORP’s total shares outstanding put at 40.65bn shares while the value of the shares traded also represents 0.42% of TRANSCORP market capitalization of N53.66bn as of June 09, 2022. 

 

A comparison of TRANSCORP’s volume traded with the previous day traded volume revealed that it increased by +60% from 103.56m to 165.21m units traded.

 

The share price of  TRANSCORP moved up by a tick size of 1.54% to close at N1.32k at the close of trading.


Year-to-date, TRANSCORP shares have moved up by +37.50% as against +24.47% YTD return recorded by the NGXASI, out-performing the broad market index by 13.03%.

 

The huge volume traded today may be a related party transaction as previous director dealings disclosure filed with the NGX on May 11th, 2022 suggest.

 

 

Chart: 8 Days Share Price and Volume Movement

Source: NGX, Proshare Research


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