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

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Tuesday, November 13, 2018   06.59PM / By Proshare Research

 

Reference: Proshare MARKETS

 

Market sustained its adverse reaction to the news report about a possible acquisition of diamond Bank even after the well-publicised denial of such a move by parties purportedly in such talks.

 

By the end of trading today, ACCESS grew by +0.64% and DIAMONDBNK dipped by -9.84% while the share price of ACCESS grew by +1.95% and that of DIAMONDBNK dipped by -17.97% two days after the potential M&A news broke.

 

The performance recorded today followed the trend witnessed yesterday on the two stocks.

 

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Recall that the share price of ACCESS grew by +1.30% while that of DIAMONDBNK dipped by -9.38% at the close of trading yesterday.

 

An impact assessment of the news on these stocks revealed that ACCESS recorded a N4.34bn gain in Market CAP while DIAMONDBNK lost N5.33bn in Market CAP in the two days of trading. See below:

 

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For more information, kindly contact research@proshareng.com

 

 

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 Bank and Diamond Bank Issue Denials on M and A

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

3.      Access Bank Plc 2018- 2022 Strategy – Presentation

4.      2018-2022 Transformational Strategy: Access Bank targets 30ml customers

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

6.      Access Bank Plc IR Page on Proshare MARKETS

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

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

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

10.  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

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

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

13.  Diamond Bank Plc IR Page on Proshare MARKETS

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

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

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

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

18.  Diamond Bank Plc Refutes Recent Speculations On Capital Injection

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

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

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

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

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

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

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

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

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

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

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

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

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

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

33. Diamond Bank Plc IR Page

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

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

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

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

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

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

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

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

 

 

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