There was an unusual activity on the trading of the shares of UAC of Nigeria Plc (NSE ticker: UACN) on Thursday.
UACN accounted for 44.52% of the total volume and 40.73% of the total value of shares traded on the Exchange on Thursday. Total of 111.873 million units of UACN worth N643.188 million exchanged hands in 58 deals.
This made UACN the most traded stock by volume and value. However, it was notable that the trades were made in limited number of deals (58), as the transactions involved high volume of as much as over 42 million units in a single trade.
This number of deals represents just 1.96% of the total number of deals (2,954) on the floor of the exchange.
Screenshot of a portion UACN trading window
Source; Mytradebook
Despite the high volume of trades, the share price closed flat at N5.75 on Thursday without any price movement throughout the entire trading session. At the previous trading session, UACN share price appreciated by 6.48%.
The 52-week high and low prices are N11.15 and N4.50 per share.
Read also; FTN Cocoa Processors Plc share price moves for the first time in over two years
One month price movement is shown below;
Source: NSE
Thursday volume was up by 2,094.57%, compared to the volume of UACN traded on Wednesday (5.098 million), and represents 3.88% of its total outstanding shares (2,881,296,580) while the value (N643.188) represents 3.88% of its Market Capitalization (N16.567 billion) as at close of trading on Thursday.
UACN last 7 trades
Source: NSE
About UACN
UACN was incorporated on April 22nd 1931 and is listed on the Main Board of the NSE under the Conglomerates sector and Diversified Industries sub-sector.
UAC of Nigeria Plc (‘the Company’) and its subsidiaries (together ‘the Group’) is a company incorporated in Nigeria. The Group is a diversified business with activities in the following principal sectors: Animal Feeds and Other Edibles, Paints, Packaged Foods and Beverages, Quick Service Restaurants, Logistics and Real Estate. The address of the registered office is 1-5, Odunlami Street, Lagos.
Written by;
Ifunanya Ikueze