2.17 billion Units of Transcorp Plc shares was moved during today’s trading session – in addition to the 1.9 billion transaction done last week.

The volume traded today represents 10.12% of the total share outstanding of the company, a figure requiring that the NSE informs the listed/quoted company – a matter which triggered an all-parties meeting to resolve the development.

Given this development, it would appear that there is a willingness on the part of the majority of Transcorp board members to accommodate the HH Capital Limited’s acquisition plan and that is why this deal (it would appear) is a matter of time – reflecting the acceptance of a change in ownership and leadership at Transcorp Plc.

The NSE, it would appear its work cut out for it – as it manages the fait accompli which the market would appear to have priced in – leading to the continued growth in the price of the company stock.

The Technical Analysis

The volume traded represents 64% of total market volume traded in the week to close as most active stock with corresponding price appreciation of 19.83%.

Similar transaction was noticed last week in which NSE took necessary steps to address.

The Volume Trend in the week.