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

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Thursday, January 07, 2021 / 05:18 PM / by Proshare Research / Header Image Credit: Champion Breweries Plc


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At the close of trading today, a total volume of 1.91bn units of shares of Champion Breweries Plc valued at N4.95bn were traded. 

 

This represents 89.30% of the total market volumes of 2.13bn while the value of CHAMPION shares traded represents 65.93% of the total market value traded which was put at N7.51bn.

 

Furthermore, the volume traded represents 24.33% of CHAMPION's total shares outstanding put at 7.83bn shares while the value of the shares traded also represents 67.99% of CHAMPION market capitalization as at January 07, 2021. 

 

A comparison of CHAMPION today's volume traded with the previous day's traded volume revealed that it increased by 923,241%.

 

The share price of  CHAMPION moved up by a tick size of +9.41% to close at N0.93k at the close of trading today from the previous price of N0.85k.


Year-to-date, CHAMPION shares have moved up +8.14%, outperforming the broad market index, NSEASI, by 7.35%.


It is important to point out that the huge volume traded might represent a move by the company to meet its free float deficiency as its free float value and % of free float is currently put N1.27bn and 18.89% respectively according to the NSE X-Compliance Report published on December 31st, 2020.

 

Furthermore, an update on the company's website on its investor relation's section buttressed this fact as it stated that 'the Board of Directors have initiated necessary steps as at reporting date to ensure that a minimum of 20% of the Company's issued shares are held by public investors'.

 

This is in other to comply with the free float requirement of the Nigerian Stock Exchange.

 

Further clarifications will be provided when more facts emerge on the trading.

 

Screen Shoots

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Download Here - NSE X-Compliance Report - Dec 31st, 2020


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Chart: 8 Days Share Price Movement and Volume Traded

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Source: NSE, Proshare Research

 

 

Table: 8 Days Share Price Movement and Volume Traded

Date

Price (Naira)

Volume

07-Jan-21

0.93

1,905,148,717

06-Jan-21

0.85

206,332

05-Jan-21

0.85

546,433

04-Jan-21

0.86

138,157

31-Dec-20

0.86

10,999,390

30-Dec-20

0.86

123,765

29-Dec-20

0.86

36,324,766

24-Dec-20

0.82

4,551,859

Source: NSE, Proshare Research


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Previous Alerts

  1. ALERT: 1.41% of JAIZBANK's Outstanding Shares Traded on NSE Today
  2. ALERT: 1.97% of MULTIVERSE's Outstanding Shares Traded on NSE Today
  3. ALERT: 45.90% of UAC-PROP's Outstanding Shares Traded on NSE Today
  4. ALERT: 21.88% of Total Market Volume Traded on OMOMORBNK Shares Today
  5. ALERT: 33.89% of Total Market Volume Traded on ZENITHBANK Shares Today
  6. ALERT: 28.78% of Total Market Volume Traded on ZENITHBANK Shares Today
  7. ALERT: 88.26% of Total Market Volume Traded on UAC-PROP Shares Today
  8. ALERT: 24.64% of Total Market Volume Traded on UACN Shares Today
  9. ALERT: 44.52% of Total Market Volume Traded on UACN Shares Today
  10. ALERT: 37.75% of Total Market Volume Traded on TRANSCORP Shares Today
  11. ALERT: 20.95% of Total Market Volume Traded on WAPIC Shares Today


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Related News

  1. CHAMPION Declares N60m PAT in Q3 2020 Results, (SP:N1.00k)
  2. CHAMPION Declares N120m PAT in Q2 2020 Results, (SP:N0.95k)
  3. CHAMPION Declares N138m PAT in Q1 2020 Results,(SP:N0.81k)
  4. CHAMPION Declares N169m PAT in Q4 2019 Results,(SP:N0.79k)
  5. CHAMPION Appoints Mr. Georgios Polymenakos As Managing Director
  6. CHAMPION Declares N284.419m PAT in Q3 2019 Results,(SP:N1.02k)
  7. CHAMPION Declares N208.84m PAT in Q2 2019 Result,(SP:N1.69k)
  8. CHAMPION Declares N109.74m PAT in Q1 2019 Result,(SP:N1.43k)
  9. CHAMPION Notifies of the Company's Annual General Meeting
  10. CHAMPION Declares N263.81 mln Loss in 2018 Audited Result,(SP:N1.40k)

 

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