There was heavy movement in the shares of construction giant- Julius Berger Nigeria Plc, as investors crossed its 218,040,261 units worth N4.318bn at N22.50 each in just 32 deals.
In the process, the shares dropped by N2.50, or the maximum 10% drop allowed for the day.
Julius Berger’s volume represented 38.49% of the day’s total 566.5m volume traded during the day in 4,103 deals for N7.27bn.
According to the financials for the first quarter ended March 31, 2019, presented to the Nigerian Stock Exchange (NSE) on Thursday also, only one majority shareholder holds as much as the volume that was traded.

She is: Mrs. Belinda Ajoke Disu, daughter of billionaire businessman- Dr. Mike Adenuga, who held a total of 288,662,079 units, she had earlier reduced her stake in the company from 334,862,079 shares as at December 31, 2018.
She represents Goldstone Estates Ltd, which held 19.9%; and Bilton Securities Ltd on the board of Julius Berger Nigeria Plc.
Other major shareholders as at March 20, 2019, the company reported, are Bilfinger SE with 217.8m or 16.5%; Watertown Energy Ltd, 132m or 10%; Ibile Holdings Ltd, owned by the Lagos State Government, 72.6m or 5.5%; Benue Investment & Property Company Ltd, 66.132m, 5%. This left other Nigerian citizens, associations and government with 569.205m or 43.1%.
Disu was appointed a non-executive director of Julius Berger on June 30, 2017.