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Stock & Analyst Updates | |
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Friday,
March 20, 2020 / 09:13 AM / By Proshare Research / Header Image Credit: EcoGraphics
Barely one week after our analysis
( Titled: Zenith
Bank Share Price Hits N10.85k; Lost N249.60bn In Market CAP, -42.29% Wtd) on ZENITHBANK
and by extension banking stocks, it is pertinent to note that eight (8) out of
the thirteen (13) stocks reviewed has recorded price appreciation one week
after.
ZENITHBANK
topped the list of stocks with price appreciation with +24.42% gain recorded.
This is closely followed by UBN and ETI with +20%
and +11.36% gain respectively. However, UBA (-10.71%), STERLNBANK
(-6.09%) and two (2) other stock dipped. FBNH remained
flat with during the period under review after dropping by -25.23% one week
ago.
Banking Stocks |
||||
S/No |
Symbol |
13-Mar-20 |
19-Mar-20 |
% Chg |
1 |
ZENITHBANK |
10.85 |
13.50 |
24.42% |
2 |
UBN |
6.00 |
7.20 |
20.00% |
3 |
ETI |
4.40 |
4.90
|
11.36% |
4 |
FIDELITYBK |
1.53 |
1.70
|
11.11% |
5 |
UNITYBNK |
0.43 |
0.46 |
6.98% |
6 |
WEMABANK |
0.46 |
0.48 |
4.35% |
7 |
FCMB |
1.50 |
1.55
|
3.33% |
8 |
GUARANTY |
18.10 |
18.30 |
1.10% |
9 |
FBNH |
4.00 |
4.00
|
0.00% |
10 |
ACCESS |
5.85 |
5.70
|
-2.56% |
11 |
STANBIC |
29.30 |
28.25 |
-3.58% |
12 |
STERLNBANK |
1.15 |
1.08 |
-6.09% |
13 |
UBA |
5.60 |
5.00 |
-10.71% |
Source: NSE, Proshare Research
It will be recalled that a review of the banking stocks performance one week ago
reflected that ZENITHBANK recorded
the highest loss. It dropped by -42.29%. it was
followed closely by ACCESS and GUARANTY with -31.18% and -26.42% loss respectively while STANBIC and UBN recorded
the least loss with -16.29% and -14.89% loss
in that order.
In Naira terms, ZENITHBANK has
added N83.20bn to its Market CAP one week after losing N249.60bn in Market CAP
a week ago. The bank added the highest amount in Naira terms to top the list
and closely followed by UBN with
N34.94bn and ETI
with N9.17bn. However, UBA further
lost N20.52bn in Market CAP while STERLNBANK
lost N2.02bn.
Source: NSE, Proshare Research
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