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

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Monday, March 01, 2021 / 5:23 PM / by Proshare Research Header Image Credit: Wema Bank 


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At the close of trading today, a total volume of 369.68mln units of shares of Wema Bank Plc valued at N240.32mln were traded. 

 

This represents 67.96% of the total market volumes of 543.99mln while the value of WEMABANK shares traded represents 12.73% of the total market value traded which was put at N1.89bn.

 

Furthermore, the volume traded represents 0.96% of WEMABANK's total shares outstanding put at 38.57bn shares while the value of the shares traded also represents 0.97% of WEMABANK market capitalization as at March 01, 2021. 

 

Similarly, the total volumes of 674.20m units traded in the last two trading sessions represents about 1.75% of the bank's outstanding shares.

 

A comparison of WEMABANK today's volume traded with the previous day's traded volume revealed that it increased by 21%.

 

The share price of  WEMABANK moved up by a tick size of +1.59% to close at N0.64k at the close of trading today.

 

Year-to-date, WEMABANK shares have shed -7.25% as against -0.84% YTD return recorded by the NSEASI, underperforming the broad market index by 6.41%.

 

It is pertinent to state that the trading activities on the stock represented a similar pattern recorded on Friday 26th February 2021 while feedbacks from market operators suggested no major reasons or factor behind the trading on the huge volumes recorded.

 

 

Chart: 8 Days Share Price Movement and Volume Traded

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Source: NSE, Proshare Research

 

 

Table: 8 Days Share Price Movement and Volume Traded

Date

Price (Naira)

Volume

01-Mar-21

0.64

                   369,676,714

26-Feb-21

0.63

                   304,527,435

25-Feb-21

0.7

                         1,671,684

24-Feb-21

0.65

                            838,773

23-Feb-21

0.66

                            422,927

22-Feb-21

0.68

                             416,959

19-Feb-21

0.67

                             144,698

18-Feb-21

0.67

                         1,018,371

Source: NSE, Proshare Research


Proshare Nigeria Pvt. Ltd. 



Previous Alerts

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 


Proshare Nigeria Pvt. Ltd. 


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