Access Bank Gains N20.25b In Market CAP Today - ACCESS Grows By 9.40% As DIAMONDBNK Gains 9.47%

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Monday, December 17, 2018 / 05:13 PM / Proshare Research

 

Market sentiment towards the stocks of Access Bank and Diamond Bank Plc today was positive following the expected announcement of an ongoing merger talks between the two banks which of both them finally confirmed via individual press releases. 


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At the end of trading today, ACCESS share price grew by +9.40% while DIAMONDBNK  share price also grew by +9.47%.

Further analysis on the impact assessment of the news on the merger talks on these stocks revealed that ACCESS recorded a N20.25bn gain in Market CAP while DIAMONDBNK also recorded N2.08bn gain in Market CAP. See below:


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Visit Access Bank Plc IR Page on Proshare MARKETS

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Visit Diamond Bank Plc IR Page on Proshare MARKETS

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Related News on Access Bank Plc

1.       ACCESS, DIAMONDBNK Share Prices Move Up On Potential Merger News

2.      Access Bank Confirms The Signing of Memo of Agreement with Diamond Bank Over A Potential Merger

3.      Fitch Affirms Access Bank at 'B'; Stable Outlook

4.      Nigerian Banks' Eurobond Buybacks Show Better FC Liquidity - Fitch

5.      Diamond Bank Losses N5.33b In Market CAP in Two Days - ACCESS Grows 1.95%; DIAMOND Losses -17.97%

6.      Access Bank and Diamond Bank Issue Denials on M and A

7.      Why Diamond Bank Opted For A CBN-Managed Acquisition By Access Bank Over The Carlyle Group

8.     Access Bank Plc 2018- 2022 Strategy – Presentation

9.      2018-2022 Transformational Strategy: Access Bank targets 30ml customers

10.  Access Bank Launches New Five-Year Strategy – to Become Africa’s Gateway to the World

11.   Access Bank Plc IR Page on Proshare MARKETS

12.  ACCESS declares N62.91bn PAT in Q3 2018 Results,(SP:N8.0k)

13.  ACCESS Declares N39.63bn PAT in Q2 2018 Results;Propose 25k Interim Dividend,(SP:N9.50k)

14.  ACCESS Declares N22.12bn PAT in Q1 2018 Results,(SP:N11.35k)

15.   ACCESS declares N61.99 bn PAT in Q4 2017 Results, Proposes N0.40k Dividend Per share(SP:N11.75k)


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Related News on Diamond Bank Plc

16.  Diamond Bank Selects Access Bank As Preferred Bidder For Potential Merger

17.   ACCESS, DIAMONDBNK Share Prices Move Up On Potential Merger News

18.  What Does It Mean That Independent Directors Accuse Diamond Bank Of Corporate Governance Issues?

19.  Fitch Downgrades Diamond Bank to 'CCC'

20. Nigerian Banks' Eurobond Buybacks Show Better FC Liquidity - Fitch

21.  Diamond Bank Receives CBN Approval To Operate As A National Bank

22. DIAMONDBNK, PRESTIGE and FCMB Lead Top Losers Table Week To Date

23. DIAMONDBNK Lost N5.09bn This Week To Date; Extends November Loss to N15.75bn

24. DIAMONDBNK Has Lost N12.74bn in Market CAP, 39.01 per cent Month To Date

25.  Diamond Bank Plc - Overblown Fright Or Justified Concerns?

26. Diamond Bank Trades 59% of Total Market Volume; Hits 208.68m, Highest in 10 Months

27.  Diamond Bank Losses N5.33b In Market CAP in Two Days - ACCESS Grows 1.95%; DIAMOND Losses -17.97%

28. Access Bank and Diamond Bank Issue Denials on M and A

29. Why Diamond Bank Opted For A CBN-Managed Acquisition By Access Bank Over The Carlyle Group

30. Diamond Bank Plc IR Page on Proshare MARKETS

31.  Nigerian Diamond Bank Downgraded On Weaker-Than-Expected Asset Quality; Outlook Negative

32. Diamond Bank Plc Postpones 9M 2018 Conference Call Due to Unforeseen Circumstances

33. DIAMONDBNK Declares N1.65bn PAT in Q3 2018 Result,(SP:N1.44k)

34. Diamond Bank Plc 9M 2018 - Underlying Pressures Persist

35.  Diamond Bank Plc Refutes Recent Speculations On Capital Injection

36. Diamond Bank Plc Announces The Resignation of Board Chairman and Three Non-Executive Directors

37.  Diamond Bank Issues Notice on CBN Levy on London Stock Exchange – Sep 07, 2018

38. CBN Debits Diamond Bank’s Accounts for the Full Amount of the Fine Levied Against It

39. One Week After CBN Fines –MTN Share Price Drops by 31.06%; DIAMONDBNK and STANBIC Also Drop

40. CBN Debits the Account of Stanbic IBTC Bank In Respect of N1.886bn Regulatory Fine

41.  Banks, MTN Engage CBN Over $8.1b Fine; Factually Incorrect Premises Highlighted

42. MTN Nigeria, Banks and CBN Action – An Update and Initial Commentary

43. MTN Replies Nigeria’s CBN – You Approved The Funds Repatriated

44. CBN Clamps Down on Four Banks; Writes MTN to Refund $8bn

45.  DIAMONDBNK Declares N1.79bn Profit in Q2 2018 Results,(SP:N1.40k)

46. Diamond Bank Plc Appoints Mr Oluseyi Bickersieih as a Director andChairman of its Board

47.  Diamond Bank Plc Announces Its Closed Period and Board meeting

48. Diamond Bank Plc Announces The retirement of Prof. Chris Ogbechie from its Board

49. Nigeria-Based Diamond Bank 'B- and B' And 'ngBB and ngB' Ratings Affirmed; Outlook Negative

50. Diamond Bank Plc IR Page

51.   Diamond Bank Plc FY 2017 and Q1 2018 Conference Call and Earnings Presentation - The Key Takeaways

52.  Diamond Bank Plc Releases FY2017 and Q1 2018 Results After Delay in Filing

53.  Q1 2018 Results Summary – 97 Quoted Companies Filed Quarterly Financial Statements

54.  Why These Listed Companies Have Delayed Filing Results As At March 31, 2018

55.  Diamond Bank Seeks Extension For 2017 And Q1’ 2018 Accounts To May 2018

56.  Diamond Bank Divests Its 100% Holding in Diamond Bank UK; To Focus on Nigeria

57.  Diamond Bank Plc Announces Planned Divestment from Diamond ... Nov 3, 2017

58. Diamond Bank Plc Announces Delay in Filing FY 2017 Financial ...

  

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