One Week After: FBNH Share Price Closed Flat; Volume Traded Up By 85.22%

Proshare

Friday, August 3, 2018 06:05 PM / Proshare Research

FBNH share price closed flat one week after the release of its Q2 2018 financial results. The stock price was at N10.0k0 as at July 27th, 2018 when its results was published , climbed to N 10.10k after two trading days and dropped to N9.95k before the closing the week at N10.00k.

Figure 1: FBNH Share Price Movement from July 26, 2018 to August 3, 2018.

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research

The total volume traded on FBNH one week before the release of its Q2 2018 results was about 129.39 volume of shares while this increased to 166.97 one week after the Q2 2018 results was released.

This reflects an improved sentiment towards the stock after the release. The 166.97m volume traded one week after represents 29.05% growth over the volume traded a week befor.

Figure 2: FBNH Volume of Share Traded from July 26, 2018 to August 3, 2018.

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research

One Week Before

 

One Week After

Date

 Volume Traded

 

Date

 Volume Traded

 

 

 

 

 

13-Jul-18

       12,087,035.00

 

25-Jul-18

        88,103,288.00

16-Jul-18

       42,872,700.00

 

26-Jul-18

         3,189,363.00

17-Jul-18

         8,314,893.00

 

27-Jul-18

          9,333,720.00

18-Jul-18

         9,590,762.00

 

30-Jul-18

        12,530,860.00

19-Jul-18

       19,245,278.00

 

31-Jul-18

        23,084,339.00

20-Jul-18

         7,193,040.00

 

1-Aug-18

                   4,736,257.00

23-Jul-18

          6,157,737.00

 

2-Aug-18

        25,996,835.00

24-Jul-18

        36,013,731.00

 

3-Aug-18

        17,287,653.00

 Total

  129,388,141.00

 

 

  166,974,662.00

Source: NSE, Proshare Research

 

The peer comparison of price performance of tier 1 bank in the last one week showed that ACCESS and UBA share prices declined by -0.5% and -2.6% respectively as GUARANTY and ZENITHBANK appreciated by 1.1% and 0.6% while FBNH remained flat WoW.

 

Figure 3: Peer Comparison of Tier 1 Banks Price Performance One Week After

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research

 


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