Canara Bank Sees Surge in Trading Activity Amid Positive Market Momentum

Canara Bank, a prominent player in the public sector banking industry, has shown significant activity today, emerging as one of the most actively traded equities by volume. The stock, trading under the symbol CANBK, recorded a total traded volume of 34,047,383 shares, with a total traded value of approximately Rs 40.22 crore.
Opening at Rs 116.90, Canara Bank reached a day high of Rs 119.30 before settling at a last traded price of Rs 117.67. This performance reflects a 0.31% increase for the day, outperforming the sector, which saw a decline of 0.26%. Notably, the stock has been on a positive trajectory, gaining for the last two days and accumulating a total return of 2.2% during this period.

Canara Bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the delivery volume of 1.58 crore shares on June 9 has increased by 2.78% compared to the 5-day average, suggesting rising investor participation. With a market capitalization of Rs 1,06,762 crore, Canara Bank remains a liquid stock, suitable for trades around Rs 7.36 crore based on 2% of the 5-day average traded value. Overall, Canara Bank's performance today highlights its robust market position and ongoing positive momentum.