ALERT: NAHCO Trades 41% of Total Market Volume Today


Thursday, August 02, 2018 / 04:23 PM / Proshare Research                                    

At the closing of trading today, a total volume of 130.59mln units of shares of Nacho Aviance Plc valued at N777.34mln was traded. 

This represents 41% of the total market volumes of 320.45mln and while the value of NAHCO shares traded represents 22% of the total market value traded which was put at N3.53bn.

Furthermore, the volume traded represents 8% of NAHCO’s total shares outstanding put at 1.62bn shares while the value of the shares traded represents 12% of NAHCO’s market capitalisation as at August 02, 2018. 

A comparison of NAHCO’s today’s volume traded with the previous day’s trading revealed it grew by 143,882%. 

Proshare Nigeria Pvt. Ltd.

 The share price of NAHCO closed flat at N4.00k at the close of trading today, a price it attained on the 23rd of July, 2018.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Changes in Board and Shareholding Structure

It is important to note that earlier in July 2018, the company announced that Godsmart Nigeria Limited has recently purchased 16.7% ordinary shares of the Company from some shareholders through trading on the Nigerian Stock Exchange, thereby becoming the single largest shareholder of the Company and consequently upon the transaction, the representatives of the selling shareholders tendered their letters of resignation from the company’s Board and the new investor nominated new members as Non-Executive Directors.


Related News

1.                  NAHCO Announces Changes In Its Board And Shareholding Structure

2.                 NAHCo Aviance: Time to March Liabilities, Income Growth

3.                 NAHCO Records 97.57m PAT in Q1 2018 Result,(SP: N4.11K)

4.                 NAHCO Declares N775.77m PAT in 2017 Audited Result,(SP: N3.92K)

5.                  NAHCO Plc Appoints Mr Idris Yakubu as Managing Director/CEO

6.                 NAHCO Records 1.92 bln PAT in Q2 2017 Result,(SP: N2.80K)

7.                  Nacho Plc Appoints Mrs. Folashade Ode as MD/CEO of the Company

8.                 NAHCO Records 1.03 million PAT in Q1 2017 Result,(SP: N2.50K)

9.                 NAHCO Announces Filing of its 2016 Audited Financial Statement

10.             NAHCO Records 8.0% Profit Growth in 2016 Audited Result,(SP: N2.31K)

11.               NAHCO Records 56.3% Profit Decline in Q3 2016 Result,(SP: N2.57K)


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