Finance & EconomyNews

No Respite Yet for Union Bank Plc

 

Union Bank of Nigeria Plc has released its Q2 2021 Unaudited results for the period ended June 30th, 2021 with major performance indicators in negative .

Gross Earnings declined by -7% to N76bn from N82bn in the previous quarter while Profit before tax declined by 11% to N10bn and Profit after tax declined by 11% to N9.8bn. Even its Net Assets declined by -2.3% from N264bn to N258bn. Its Share Price   stood  at N5:20k as at the time the results were released Tuesday, Aug 4, 2020● UBN: 5.40  

. UBN closed its last trading day (Monday, August 2, 2021) at 5.25 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.9% drop from its previous closing price of 5.30 NGN. Union began the year with a share price of 5.35 NGN but has since lost 1.87% off that price valuation, ranking it 108th on the NGX in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that UBN has lost 6% of the stock’s value from July 1st to date.

Union Bank Nigeria is the 43rd most traded stock on the Nigerian Stock Exchange over the past three months (Apr 28 – Aug 2, 2021). UBN has traded a total volume of 64 million shares—in 2,540 deals—valued at NGN 359 million over the period, with an average of 1.02 million traded shares per session. A volume high of 9.88 million was achieved on May 11th, and a low of 26,495 on July 13th, for the same period. The table below details the last 10 trading days of activity of Union Bank Nigeria on the Nigerian Stock Exchange.

Last Trading Results
Opening Price
Day’s Low Price5.25
Day’s High Price5.70
Traded Volume863,734
Number of Deals49
Gross Turnover4.66M
Growth & Valuation
Earnings Per Share0.74
Price/Earning Ratio7.09
Dividend Per Share
Dividend Yield
Shares Outstanding29.1B
Market Capitalization153B

Monetary values are quoted in Nigerian Naira (NGN) unless otherwise stated

UBN Stock Market Performance

1WK4WK3MO
-0.94%-6.25%+7.14%
6MO1YRYTD
-7.89%-2.78%-1.87%
DateVolumeCloseChangeChange%
2021-08-02863,7345.25-0.05-0.94%
2021-07-30335,6755.30+0.10+1.92%
2021-07-29621,3925.20-0.20-3.70%
2021-07-283,940,5075.40+0.10+1.89%
2021-07-27954,2725.30
2021-07-26378,5605.30-0.15-2.75%
2021-07-23410,5215.45
2021-07-2232,8265.45
2021-07-191,059,0265.45-0.15-2.68%
2021-07-1652,6015.60

as Major Performance  Indicators Turn  Negative in Q2 2021  

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