Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Wednesday,
November 28, 2018 04:30 PM / Saheed KIARIBE, Proshare
Research
Market sentiments around DIAMOMNBNK remained negative on the Nigerian bourse as the stock,
emerged again as the top loser for the second time this week.
The sell-off witnessed towards the stock in the early
part of the month prior to, and after the denied news about a possible
take-over bid has not abated but appears to continue in gaining further
momentum.
One would have otherwise expected that an announcement
of such a possible M&A would move northwards; but has gone southwards in a
way that the market believes appears to be pricing in non-public information.
We continue to watch and analyse the trend of a below
book value stock.
At the end of trading today, DIAMOMNBNK dipped by -9.88% while it has also lost-23.16% WTD. This further adjusted its month-to-date loss to -48.23%.
DIAMOMNBNK lost N5.09bn in market capitalisation this week to date (WTD ) or/and N15.75bn month to date (MTD).
Fig 2: Diamond
Bank Graph As At 28th November, 2018 - Proshare Markets/TheAnalyst
Source: Proshare Markets
Visit Diamond
Bank Plc IR Page on Proshare MARKETS
For more information, kindly contact research
& intelligence unit Reference: Proshare MARKETS E-mail: research@proshareng.com
Related
News on Diamond Bank Plc
1. DIAMONDBNK
Has Lost N12.74bn in Market CAP, 39.01 per cent Month To Date
2. Diamond
Bank Plc - Overblown Fright Or Justified Concerns?
3. Diamond Bank Trades
59% of Total Market Volume; Hits 208.68m, Highest in 10 Months
4. Diamond
Bank Losses N5.33b In Market CAP in Two Days - ACCESS Grows 1.95%; DIAMOND
Losses -17.97%
5. Access
Bank and Diamond Bank Issue Denials on M and A
6. Why
Diamond Bank Opted For A CBN-Managed Acquisition By Access Bank Over The
Carlyle Group
7. Diamond Bank Plc IR Page on Proshare MARKETS
8. Nigerian Diamond
Bank Downgraded On Weaker-Than-Expected Asset Quality; Outlook Negative
9. Diamond Bank Plc
Postpones 9M 2018 Conference Call Due to Unforeseen Circumstances
10. DIAMONDBNK
Declares N1.65bn PAT in Q3 2018 Result,(SP:N1.44k)
11. Diamond Bank Plc
9M 2018 - Underlying Pressures Persist
12. Diamond Bank Plc
Refutes Recent Speculations On Capital Injection
13. Diamond Bank Plc
Announces The Resignation of Board Chairman and Three Non-Executive Directors
14. Diamond Bank Issues Notice on CBN Levy on London
Stock Exchange – Sep 07, 2018
15. CBN Debits Diamond Bank’s Accounts for the Full
Amount of the Fine Levied Against It
16. One Week After CBN Fines –MTN Share Price Drops
by 31.06%; DIAMONDBNK and STANBIC Also Drop
17. CBN
Debits the Account of Stanbic IBTC Bank In Respect of N1.886bn Regulatory Fine
18. Banks,
MTN Engage CBN Over $8.1b Fine; Factually Incorrect Premises Highlighted
19. MTN Nigeria, Banks
and CBN Action – An Update and Initial Commentary
20. MTN Replies Nigeria’s
CBN – You Approved The Funds Repatriated