Nigerian Exchange Limited
Investors Continue to Dump Money on FirstBank, Over N5 Billion Invested Today
More investors are jumping on stocks of FirstBank as the price rose to a new 52 week high at N12 a share on Thursday.
FirstBank share closed the day at N11.75 a unit, representing a 21.1 percent increase from N9.7 per share it closed on October 6, 2021.
Transaction volume rose by 454.3 percent from 108,741,273.00 shares worth N1,054,790,348.1 traded by investors on October 6, 2021 to 602,768,564.00 shares valued at N7,111,934,085.65 on Thursday, October 14, 2021.
Retail traders are already insinuating insider dealings given the size of the new positions responsible for the recent surge in the price of FirstBank shares.
FirstBank was one of the top five gainers on Thursday as shown below.
Top Fiver Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| CHAMPION | N 2.78 | N 3.05 | 0.27 | 9.71 % |
| AFRIPRUD | N 6.40 | N 6.90 | 0.50 | 7.81 % |
| FBNH | N 10.95 | N 11.75 | 0.80 | 7.31 % |
| UNIVINSURE | N 0.21 | N 0.22 | 0.01 | 4.76 % |
| CHAMS | N 0.23 | N 0.24 | 0.01 | 4.35 % |
However, it was the most traded stock, accounting for 66.37 percent of the total 908,059,073 shares exchanged in 5,151 transactions on Thursday.
Top Fiver Trades
| Symbols | Volume | Value |
|---|---|---|
| FBNH | 602768564.00 | 7111934085.65 |
| GTCO | 63749288.00 | 1811033414.35 |
| CHAMPION | 37684373.00 | 114841679.31 |
| UNIVINSURE | 21909509.00 | 4567506.24 |
| UBA | 21174295.00 | 176701388.65 |