ALERT: 24.64% of Total Market Volume Traded on UACN Shares Today

Proshare

Monday, August 31, / 5:10 PM / by Proshare Research / Header Image Credit: Ecographics

 

At the close of trading today, a total volume of 74.42mln units of shares of UAC of Nigeria Plc valued at N425.23mln were traded. 

 

This represents 24.64% of the total market volumes of 302.01mln while the value of UACN shares traded represents 16.18% of the total market value traded which was put at N2.63bn.

 

Furthermore, the volume traded represents 2.58% of UACN's total shares outstanding put at 2.88bn shares while the value of the shares traded also represents 2.59% of UACN market capitalization as at August 31, 2020. 

 

A comparison of UACN today's volume traded with the previous day's traded volume revealed that it increased by 2,523%.

 

The share price of  UACN remained flat at N5.70k at the close of trading in comparison to the previous day market price.

 

Year-to-date, UACN shares have shed -33.72%, underperforming the broad market index, NSEASI, by -28.08%.

 

It is pertinent to state that a similar pattern of market trading occurred on Thursday August 27, 2020 with an update/alert issued by Proshare Research

 

Chart: 10 Days Share Price Movement and Volume Traded

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research

 

Table: 10 Days Share Price Movement and Volume Traded

Date

Price (Naira)

Volume

31-Aug-20

5.7

74424772

28-Aug-20

5.7

2837282

27-Aug-20

5.75

1.12E+08

26-Aug-20

5.75

5097650

25-Aug-20

5.4

518,859

24-Aug-20

5.5

930,095

21-Aug-20

5.5

6,545,097

20-Aug-20

5.85

460,270

19-Aug-20

5.8

2,378,212

18-Aug-20

5.85

6,460,814

 Source: NSE, Proshare Research

 

Proshare Nigeria Pvt. Ltd.


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