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

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Wednesday, December 16, 2020 / 07:30PM / by Proshare Research/ Header Image Credit: The SUN Nigeria


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At the close of trading today, a total volume of 414.98mln units of shares of Jaiz Bank Plc valued at N216.96mln were traded. 

 

This represents 63.79% of the total market volumes of 650.55mln while the value of JAIZBANK shares traded represents 9.49% of the total market value traded which was put at N2.29bn.

 

Furthermore, the volume traded represents 1.41% of JAIZBANK's total shares outstanding put at 29.46bn shares while the value of the shares traded also represents 1.25% of JAIZBANK market capitalization as at December 16, 2020.  A similar huge volume of 401.13m units which represented 1.36% of JAIZBANK's total shares outstanding was also traded on December 11th, 2020.

 

A comparison of JAIZBANK today's volume traded with the previous day's traded volume revealed that it increased by 1773%.

 

The share price of  JAIZBANK moved up by a tick size of +3.51% to close at N0.59k at the close of trading today from the previous price of N0.57k.

 

Year-to-date, JAIZBANK shares have shed -4.84%, underperforming the broad market index, NSEASI, by 27.39%.

 

It is important to point out that the huge volume traded might be in connection with the proposal to raise additional capital of N3.3bn by way of private placement as stated in the resolutions reached at the Extra-ordinary General Meeting of the bank held on Wednesday October 28, 2020 at the Bank's Registered Office. Further updates will be issued as facts emerge on this.


Related Link: Jaiz Bank Plc Notifies of Resolutions Passed at Its EGM Held on Oct 28th, 2020 – Dec 16, 2019


Chart: 8 Days Share Price Movement and Volume Traded

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research


Table: 8 Days Share Price Movement and Volume Traded


Date

Price (Naira)

Volume

16-Dec-20

0.59

          414,976,708

15-Dec-20

0.57

            22,156,022

14-Dec-20

0.62

               8,411,747

11-Dec-20

0.68

          401,133,515

10-Dec-20

0.65

              4,437,338

09-Dec-20

0.66

                 490,850

08-Dec-20

0.67

              2,369,608

07-Dec-20

0.7

                   707,941


Source: NSE, Proshare Research


Proshare Nigeria Pvt. Ltd.


Previous Alerts

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

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

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

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

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

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

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

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

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

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


Proshare Nigeria Pvt. Ltd.


Related News

11.     Jaiz Bank Plc Notifies of Resolutions Passed at Its EGM Held on Oct 28th, 2020

12.     JAIZBANK Declares N1.9bn PAT in Q3 2020 Results, (SP:N0.58k)

13.     JAIZBANK Notifies of Board Changes

14.     JAIZBANK To Hold Extra-Ordinary General Meeting on October 28, 2020; Lists Proxies

15.    JAIZBANK Declares N1.2bn PAT in Q2 2020 Results, (SP:N0.55k)

16.    JAIZBANK To Hold 8th AGM on July 16, 2020; Lists Proxies

17.     JAIZBANK Notifies of Board Meeting Resolutions


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