ALERT: 8.56% of UNITYBNK's Outstanding Shares Traded on NSE Today

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Thursday, March 18, 2021 05:42 PM / by Proshare ResearchHeader Image Credit: @UnityBankPlc


 Proshare Nigeria Pvt. Ltd.


At the close of trading today, a total volume of 1.00bn units of shares of Unity Bank Plc valued at N700.69mln were traded. 

 

This represents 68.17% of the total market volumes of 1.47bn while the value of UNITYBNK shares traded represents 11.97% of the total market value traded which was put at N5.85bn.

 

Furthermore, the volume traded represents 8.56% of UNITYBNK's total shares outstanding put at 11.69bn shares while the value of the shares traded also represents 8.56% of UNITYBNK market capitalization of N8.18bn as of March 18, 2021. 

 

A comparison of UNITYBNK today's volume traded with the previous day's traded volume revealed that it increased by 279,248%.

 

The share price of  UNITYBNK moved down by a tick size of -2.78% to close at N0.70k at the close of trading today.

 

Year-to-date, UNITYBNK shares have moved up +2.94% as against -3.37% YTD return recorded by the NSEASI, outperforming the broad market index by 6.31%.

 

Details on this huge volume trading remains sketchy as at the time of filing this report. However, the trading transaction may represent attempts by key stakeholders in the bank to recapitalize and resolve the negative shareholders' fund currently recorded by the financial institution.

 

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

18-Mar-21

0.7

   1,468,421,633

17-Mar-21

0.72

                525,661

16-Mar-21

0.66

               232,473

15-Mar-21

0.66

               100,867

12-Mar-21

0.66

                192,569

11-Mar-21

0.73

            1,921,866

10-Mar-21

0.73

            1,239,464

09-Mar-21

0.73

                  15,735

Source: NSE, Proshare Research


 Proshare Nigeria Pvt. Ltd.


Previous Alerts

1.      ALERT: 0.78% of MANSARD's Outstanding Shares Traded on NSE Today

2.     ALERT: 0.52% of UNIVINSURE's Outstanding Shares Traded on NSE Today

3.     ALERT: 1% of WEMABANK's Outstanding Shares Traded on NSE Today

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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



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 Proshare Nigeria Pvt. Ltd.


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 Proshare Nigeria Pvt. Ltd.

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