ALERT: 45.90% of UAC-PROP's Outstanding Shares Traded on NSE Today

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Tuesday, November 17, 2020 / 5:09 PM / by Proshare Research / Header Image Credit: updcplc


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At the close of trading today, a total volume of 8.52bn units of shares of UAC Property Devt Company of Nigeria Plc valued at N5.94bn were traded. 

 

This represents 91.02% of the total market volumes of 9.36bn while the value of UAC-RPOP shares traded represents 49.61% of the total market value traded which was put at N12.02bn.

 

Furthermore, the volume traded represents 45.90% of UAC-RPOP's total shares outstanding put at 18.56bn shares while the value of the shares traded also represents 34.93% of UAC-RPOP market capitalization as at November 17, 2020. 

 

A comparison of UAC-RPOP today's volume traded with the previous day's traded volume revealed that it increased by 554,651.71%.

 

The share price of  UAC-RPOP moved down by a tick size of -1.08% to close at N0.92k at the close of trading today from the previous price of N0.93k

 

Year-to-date, UAC-RPOP shares have shed -8.91%, underperforming the broad market index, NSEASI, by 18.66%.

 

It is pertinent to state that a similar pattern of market trading occurred on Tuesday September 01, 2020 with an update/alert issued by Proshare Research

 

The trading today seem to represent the consummation of an earlier agreement signed by UACN with Custodian Investment Plc to sell 9.46bn units of UAC-RPOP shares to Custodian Investment Plc in two tranches. The 8.52bn units of shares traded today seem to represent the second tranche of sale as stated in the notice to the market published in August 2020.

 

Related Link: Custodian Investment Plc Signs Binding Agreement With UACN to Purchase 51% of UAC-PROP

 

Chart: 8 Days Share Price Movement and Volume Traded

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research


Table: 8 Days Share Price Movement and Volume Traded


Date

Price (Naira)

Volume

17-Nov-20

0.92

   8,519,810,121

16-Nov-20

0.93

           1,535,788

13-Nov-20

0.93

          3,875,833

12-Nov-20

0.95

        35,710,892

11-Nov-20

0.9

           3,639,576

10-Nov-20

0.88

           2,218,875

09-Nov-20

0.83

           1,135,855

06-Nov-20

0.82

              559,437

Source: NSE, Proshare Research

 

Previous Alerts

1.       ALERT: 21.88% of Total Market Volume Traded on OMOMORBNK Shares Today

2.      ALERT: 33.89% of Total Market Volume Traded on ZENITHBANK Shares Today

3.      ALERT: 28.78% of Total Market Volume Traded on ZENITHBANK Shares Today

4.      ALERT: 88.26% of Total Market Volume Traded on UAC-PROP Shares Today

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

6.      ALERT: 44.52% of Total Market Volume Traded on UACN Shares Today

7.      ALERT: 37.75% of Total Market Volume Traded on TRANSCORP Shares Today

8.     ALERT: 20.95% of Total Market Volume Traded on WAPIC Shares Today

 

Proshare Nigeria Pvt. Ltd.


Related News

1.       Custodian Investment Plc Signs Binding Agreement With UACN to Purchase 51% of UAC-PROP

2.      ALERT: 44.52% of Total Market Volume Traded on UACN Shares Today

3.      UACN Notifies of Dealing in 80m Volume of Shares By Blakeney LLP

4.      Custodian Investment Plc Signs Binding Agreement With UACN to Purchase 51% of UAC-PROP

5.      UACN Records N1.15bn PAT in Q2 2020 Results, (SP:N6.80k)

6.      UACN Notifies of Board Meeting Date and Commencement of Closed Period

7.      UACN Notifies of Dealing in 10m Volume of Shares By Blakeney LLP

8.     UAC-PROP Declares N15.9bn loss in 2019 Audited Result;(SP:N0.92K)

9.      UACN Notifies of Dealing in 10m Volume of Shares By Blakeney LLP...

10.  UACN Declare N1.9bn PAT in Q1 2020 Result SP N6.90K ...

11.   UACN Declare N9.3bn loss in 2019 Audited Result SP N7.50k

12.  UACN Notifies of Dealing in 3.7m Volume of Shares By An Insider...

13.  UACN Notifies of Board Meeting and Closed Period

14.  UACN Notifies of Dealing in 1m Volume of Shares By An Insider

15.  UACN Notifies of Dealing in 15.68m Volume of Shares By An Insider

16.  UACN Declare N9.2bn loss in 2019 Q4 Unaudited Result

17.   UACN Appoints Mr. Karl Olutokun Toriola As Non-Executive Director

18.  UACN Notifies of Board Meeting

19.  UACN Declares N12.75bn Loss in Q3 2019 Results,(SP:N6.20k)


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