ALERT: 0.79% of WEMABANK's Outstanding Shares Traded on NSE Today

Friday, February 26, 2021 05:45 PM / by Proshare Research/ Header Image Credit: Wema Bank

At the close of trading today, a total volume of 304.53mln units of shares of Wema Bank Plc valued at N197.29mln were traded. 

This represents 60.03% of the total market volumes of 507.25mln while the value of WEMABANK shares traded represents 8.08% of the total market value traded which was put at N2.44bn.

Furthermore, the volume traded represents 0.79% of WEMABANK's total shares outstanding put at 38.57bn shares while the value of the shares traded also represents 0.81% of WEMABANK market capitalization as at February 26, 2021. 

A comparison of WEMABANK today's volume traded with the previous day's traded volume revealed that it increased by 18,117%.

The share price of  WEMABANK moved down by a tick size of -10% to close at N0.63k at the close of trading today.

Year-to-date, WEMABANK shares have shed -8.70% as against -1.17% YTD return recorded by the NSEASI, underperforming the broad market index by 7.53%.

It is pertinent to state that the trading activities on the stock can be attributed to profit taking as the financial institution released its Q4 2020 Unaudited Results on NSE on Thursday February 25^th, 2021  with its Gross Earning down by 15% and PAT also down by -3%.  

Chart: 8 Days Share Price Movement and Volume Traded

Source: NSE, Proshare Research

Table: 8 Days Share Price Movement and Volume Traded

Source: NSE, Proshare Research

Previous Alerts

1.      ALERT: 15.93% of OMOMORBNK's Outstanding Shares Traded on NSE Today

2.     ALERT: 1.05% of TRANSCORP's Outstanding Shares Traded on NSE Today

3.     ALERT: 24.33% of CHAMPION's Outstanding Shares Traded on NSE Today

4.     ALERT: 1.41% of JAIZBANK's Outstanding Shares Traded on NSE Today

5.     ALERT: 1.97% of MULTIVERSE's Outstanding Shares Traded on NSE Today

6.     ALERT: 45.90% of UAC-PROP's Outstanding Shares Traded on NSE Today

7.     ALERT: 21.88% of Total Market Volume Traded on OMOMORBNK Shares Today

8.     ALERT: 33.89% of Total Market Volume Traded on ZENITHBANK Shares Today

9.     ALERT: 28.78% of Total Market Volume Traded on ZENITHBANK Shares Today

10.  ALERT: 88.26% of Total Market Volume Traded on UAC-PROP Shares Today

11.   ALERT: 24.64% of Total Market Volume Traded on UACN Shares Today

12.  ALERT: 44.52% of Total Market Volume Traded on UACN Shares Today

13.  ALERT: 37.75% of Total Market Volume Traded on TRANSCORP Shares Today

14.  ALERT: 20.95% of Total Market Volume Traded on WAPIC Shares Today

Related News  

1.      WEMABANK Declares N5.1bn PAT in Q4 2020 Unaudited Results, (SP:N0.65K)

2.     WEMABANK Notifies of Board Meeting Date and Commencement of Closed Period

3.     WEMABANK Notifies of Board Meeting Date and Commencement of Closed Period

4.     WEMABANK Declares N2.6bn PAT in Q3 2020 Results, (SP:N0.75k)

5.     Banks in H1 2020: Deconstructing Banks' H1 2020 Individual Performances - Wema Bank

6.     WEMABANK Notifies of Board Meeting Date and Commencement of Closed Period

7.     WEMABANK Appoints Mrs. Ibiye Asime Ekong as an Independent Executive Director

8.     Fitch Maintains Wema Bank's Long-Term IDR of 'B-' on Rating Watch Negative

9.     WEMABANK Declares N1.5bn PAT in Q2 2020 Results, (SP:N0.52k)

10.  WEMABANK Notifies of Board Meeting Date and Commencement of Closed Period for Q2 2020