ALERT: STANBIC Trades 70.97% of Total Market Volume Yesterday


Friday, June 01, 2018 / 08:59 AM / Proshare Research                                   


At the closing of trading yesterday, a total volume of 1.15bn units of shares of Stanbic IBTC Holdings Plc valued at NN61.64bn was traded. 

This represents 70.97% of the total market volumes of 1.62bn and 86.58% of the total market value traded which was put at N71.19bn.

Furthermore, the volume traded represents11.42% of STANBIC’s total shares outstanding put at 10.05bn shares while the value of the shares traded represents 13.31% of STANBIC’s market capitalisation as at May 31, 2018. 

A comparison of STANBIC’s today’s volume traded with the previous day’s trading revealed it grew by 359,803%. 

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Similarly, the company in a notice to the Nigerian Stock Exchange yesterday said that Stanbic Africa Holdings Limited which is a wholly owned subsidiary of Standard Bank Group Limited and parent company of Stanbic IBTC Holdings PLC has recently acquired an additional 1,141,191 ,943 (one billion, one hundred and forty one million, one hundred and ninety one thousand, nine hundred and forty three) ordinary shares in Stanbic IBTC Holdings Plc in an “Off-Market” transaction. 

With this acquisition, the total percentage shareholding of Stanbic Africa Holdings Limited in Stanbic IBTC has increased by 11.35% from 53.09% to 64.44% post this transaction, STANBIC stated.


Proshare Nigeria Pvt. Ltd.

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