ALERT: 94.10% of Total Market Volume Traded on WEMABANK Shares Today

Monday, June 17,  2019  06:58 PM / Proshare Research   

At the closing of trading today, a total volume of 2.69bn units of shares of Wema Bank Plc valued at N1.71bn was traded.  

This represents 94.10% of the total market volumes of 2.84bn an

d while the value of WEMABANK shares traded represents 43.67% of the total market value traded which was put at N3.92bn. 

Furthermore, the volume traded represents 7% of WEMABANK’s total shares outstanding put at 38.57bn shares while the value of the shares traded represents 6.94% of WEMABANK market capitalisation as at June 17, 2019.  

A comparison of WEMABANK today’s volume traded with the previous day’s trading volume revealed that it increased by 203,937.44%

The share price of  WEMABANK moved up by a tick size of 3.23% to close at N0.64k at the close of trading today from the previous price of N0.62k

It is pertinent to state that a similar pattern of market trading occurred on Thursday March 28, 2019 with an update/alert issued by Proshare Research

Visit Wema Bank Plc IR Page in Proshare MARKETS

Graph – One Year Share Price Movement

Table – Q1 2019 Results

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