Positive Sentiment Sustained on FirstBank as Share Price Hits N9.02k

Proshare

Friday, December 08, 2017 / 05:33PM / Proshare Research 


The share price of FBNH today closed at N9.02k, up by +0.11% to sustain positive sentiments towards the stock as against 6.12% gain recorded yesterday. 

A further and slight performance in comparison to our earlier and follow-up analysis on the bank. 

Other banking stocks that recorded gain today were ACCESS (5.19%), FIDELITYBK (2.89%), STANBIC (1.18%), UBA (0.73%) and UNITYBNK (3.92%) 

However, DIAMONDBNK, ETI, GUARANTY and ZENITHBANK  recorded -5.26%, -2.28%, -0.02% and -2.15% losses respectively to close today in red. 

Table 1: Today’s Performance – Banking Stocks

Banking Stocks

S/N

Banks

07-Dec-17

08-Dec-17

% Change

1

ACCESS

10.98

11.55

5.19%

2

DIAMONDBNK

1.52

1.44

-5.26%

3

ETI

18.39

17.97

-2.28%

4

FBNH

9.01

9.02

0.11%

5

FCMB

1.32

1.32

0.00%

6

FIDELITYBK

2.42

2.49

2.89%

7

GUARANTY

42.01

42

-0.02%

8

SKYEBANK

0.5

0.5

0.00%

9

STANBIC

42.5

43

1.18%

10

STERLNBANK

1.12

1.12

0.00%

11

UBA

10.92

11

0.73%

12

UBN

7.19

7.19

0.00%

13

UNITYBNK

0.51

0.53

3.92%

14

WEMABANK

0.5

0.5

0.00%

15

ZENITHBANK

27.5

26.91

-2.15%

Source: TheAnalyst, NSE


Similarly,
FBNH continued to record significant appreciation in the year 2017. Today, December 08, 2017, the bank’s share price hit N9.02k to push its YTD return to +169.25%. 

STANBIC and FIDELITYBK continued to, also, outperform FBNH during the period under review (2017); as they both recorded +186.67% and +196.43% YTD gains respectively at the end of trading activities. 

Table 2: YTD Performance – Banking Stocks

Banking Stocks

S/N

Banks

30-Dec-16

08-Dec-17

% Change

1

FIDELITYBK

0.84

2.49

196.43%

2

STANBIC

15

43

186.67%

3

FBNH

3.35

9.02

169.25%

4

UBA

4.5

11

144.44%

5

ACCESS

5.87

11.55

96.76%

6

ZENITHBANK

14.75

26.91

82.44%

7

ETI

10.28

17.97

74.81%

8

GUARANTY

24.7

42

70.04%

9

DIAMONDBNK

0.88

1.44

63.64%

10

STERLNBANK

0.76

1.12

47.37%

11

UBN

5.5

7.19

30.73%

12

FCMB

1.1

1.32

20.00%

13

SKYEBANK

0.5

0.5

0.00%

14

UNITYBNK

0.55

0.53

-3.64%

15

WEMABANK

0.54

0.5

-7.41%

Source: TheAnalyst, NSE


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