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

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

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 26^th 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

Source: NSE, Proshare Research

Table: 8 Days Share Price Movement and Volume Traded

Source: NSE, Proshare Research

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

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