NIGERIAN BIG BANKS MARKET VALUE RISES TO N4.6 TRILLION OR $3.15 BILLION
The market value of Nigeria's top banks listed on the Nigerian Exchange (NGX) surged to approximately N4.6 trillion ($3.15 billion) last week, reversing a previous dip. This increase was driven by investor re-entry and market corrections.
Key Highlights:
1. FBN Holdings: Trades at N22.6 per share, a 48.6% discount to its 52-week high of N43.95. The company's market value is N811.2 billion.
2. Zenith Bank: Valued at N1.130 trillion, trading at N36 per share, a 24% discount to its 52-week high of N47.35.
3. GTCO Plc: The most valuable bank with a market value of N1.24 trillion, trading at N42.2 per share, a 21.8% discount to its 52-week high.
4. Access Holdings: Valued at N663 billion, trading at N18.65 per share, a 39% discount to its 52-week high of N30.35.
5. UBA: Market value reached N764 billion, trading at N22.35 per share, a 34% discount to its 52-week high of N34.199 billion.
These banks have shown resilience and adaptability, with many investors seeing opportunities despite previous market volatility and bearish trends.
The market value of Nigeria's top banks listed on the Nigerian Exchange (NGX) surged to approximately N4.6 trillion ($3.15 billion) last week, reversing a previous dip. This increase was driven by investor re-entry and market corrections.
Key Highlights:
1. FBN Holdings: Trades at N22.6 per share, a 48.6% discount to its 52-week high of N43.95. The company's market value is N811.2 billion.
2. Zenith Bank: Valued at N1.130 trillion, trading at N36 per share, a 24% discount to its 52-week high of N47.35.
3. GTCO Plc: The most valuable bank with a market value of N1.24 trillion, trading at N42.2 per share, a 21.8% discount to its 52-week high.
4. Access Holdings: Valued at N663 billion, trading at N18.65 per share, a 39% discount to its 52-week high of N30.35.
5. UBA: Market value reached N764 billion, trading at N22.35 per share, a 34% discount to its 52-week high of N34.199 billion.
These banks have shown resilience and adaptability, with many investors seeing opportunities despite previous market volatility and bearish trends.