The Day After CBN Fines – DIAMONDBNK, STANBIC and MTN Share Prices Drop

Proshare

Friday, August 31, 2018     08:58 AM / Proshare Markets

 

At the close of trading yesterday, the shares of MTN Group trading on the Johannesburg Stock Exchange dropped by -19.41%.

 

Of the Four banks fined by the CBN, two (2) are listed entities on the floor of the Nigerian Stock Exchange. They equally recorded a relative drop in their share prices.

 

DIAMONDBNK share price was the most hit with -9.35% drop while STANBIC recorded a moderate  -2.58% loss at the close of trading.

 

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research

 

Proshare Nigeria Pvt. Ltd.



 

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