Stock & Analyst Updates | |
Stock & Analyst Updates | |
784 VIEWS | |
![]() |
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 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
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
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
Related News
1. WEMABANK
Declares N5.1bn PAT in Q4 2020 Unaudited Results, (SP:N0.65K)
2. WEMABANK
Notifies of Board Meeting Date and Commencement of Closed Period
3. WEMABANK
Notifies of Board Meeting Date and Commencement of Closed Period
4. WEMABANK
Declares N2.6bn PAT in Q3 2020 Results, (SP:N0.75k)
5. Banks in H1
2020: Deconstructing Banks' H1 2020 Individual Performances - Wema Bank
6. WEMABANK
Notifies of Board Meeting Date and Commencement of Closed Period
7. WEMABANK
Appoints Mrs. Ibiye Asime Ekong as an Independent Executive Director
8. Fitch
Maintains Wema Bank's Long-Term IDR of 'B-' on Rating Watch Negative
9. WEMABANK
Declares N1.5bn PAT in Q2 2020 Results, (SP:N0.52k)
10. WEMABANK
Notifies of Board Meeting Date and Commencement of Closed Period for Q2 2020