Tracking Skye bank’s Share Price: 15days After


Thursday, July 27, 2016 3.38 PM / Proshare Research 

Analysis of trading pattern on the share price of SKYEBANK in the last 15days reveals active speculative tendency from investors- an indication of weak investors loyalty in the recent times. 

Further analysis on price performance also revealed low risk appetite towards the stock as 15days aggregate price performance closed lower at -27.62% against 10days price performance of -17.89%. Also, the daily average loss as at July 27, 2016 came in stronger at -3.12% against previous daily average loss of -2.97%- this suggests sustained bearish sentiments from the short term investors. 

In addition, extensive analysis revealed a pull-back in price recovery mission while the last five days (i.e. 21th -27th July 2016) were modestly bearish as the stock shed -2.56% of its market value against +30% gain recorded in the previous review. There is a strong indication that the stock would post a significant loss for the trading week.  

Volume analysis revealed a sustained bearish tendency towards the stock as total bearish volume traded stood at 502.98million in the last 15days, representing 4% of its total shares outstanding. 

Conclusively, the share price of SKYEBANK closed as the worst performing among its banking peers in the last 15days as peer analysis had suggested. 


Desirous of tracking Skyebank and other stocks performance on your own visit Proshare Markets Here


Related News

1.  Tracking Skye bank’s Share Price: 10days After

2.  CBN Affirms Confidence in Skye Bank, Institutes Guarantee Line

3. Tracking Skye bank's Share Price: 5days After

4. Nigeria's Skye Bank Downgraded To 'CCC-' On Heightened Default Risk

5.  Nigeria s Central Bank Takes Over Skye Bank - Sacks Board Over Capital Issues

6.  Expectedly, S&P rates Skyebank a CCC+ on back of Economic & Liquidity Concerns

7.   Skyebank and The Prolonged Delay on Earnings Announcement

8.   Why investors should expect a contained earning from Skye Bank

9.   The Surprising New Math of Acquisition of Banks in Nigeria – The Skye Bank Case

10.  Reworking the Acquisition Maths of Mainstreet Bank by Skye Bank Plc

11.   CBN Reduces maximum limit of FX borrowing to 75% of Capital

12.   Skye Bank Plc and AMCON Sign Agreement on Acquisition .- Proshare 

13.   Skye Bank - The Math Adds Up says CBN, Acquisition Payment of Mainstreet Bank Done – Nov 01, 2014

14.   SKYEBANK Seeks Four-Week Extension to File its 2015 Audited Financial Statement

15.   SKYEBANK Issues Earnings Guidance for Financial Year Ended 31st December 2015

16.   All eyes still on Skye Bank s capital raise

17.    How to buy a Nigerian bank with no money 



Related News