UBN, DIAMONDBNK, FBNH Record Positive WTD Gain

Proshare

Wednesday, December 13, 2017 / 04:27PM / Proshare Research  


A review of the banking stocks Week to Date (WTD) performance reveals that three (3) banks recorded positive returns with the period under review.
 

Banks that recorded WTD gain as at today are
UBN (11.27%), DIAMONDBNK (4.17%) and FBNH (0.67%)

However,
STERLNBANK, ZENITHBANK , UBA and FIDELITYBK  recorded -10.71%, -7.10%, -5.45% and -5.22% losses respectively to top stocks with WTD losses. 


Table 1: Week to Date Performance – Banking Stocks

Banking Stocks

S/N

Banks

08-Dec-17

13-Dec-17

% Change

1

UBN

7.19

8

11.27%

2

DIAMONDBNK

1.44

1.5

4.17%

3

FBNH

9.02

9.08

0.67%

4

SKYEBANK

0.5

0.5

0.00%

5

WEMABANK

0.5

0.5

0.00%

6

ETI

17.97

17.95

-0.11%

7

FCMB

1.32

1.28

-3.03%

8

ACCESS

11.55

11.15

-3.46%

9

UNITYBNK

0.53

0.51

-3.77%

10

STANBIC

43

41

-4.65%

11

GUARANTY

42

39.9

-5.00%

12

FIDELITYBK

2.49

2.36

-5.22%

13

UBA

11

10.4

-5.45%

14

ZENITHBANK

26.91

25

-7.10%

15

STERLNBANK

1.12

1

-10.71%

Source: TheAnalyst, NSE


Similarly,
FBNH continued to record significant appreciation in the year 2017. Today, December 13, 2017, the bank’s share price closed at N9.08k to push its YTD return to +171.04%. 

STANBIC
and FIDELITYBK continued to, also, outperform FBNH during the period under review (2017); as they both recorded +173.33% and +180.95% YTD gains respectively at the end of trading activities. 

Table 2: YTD Performance – Banking Stocks

Banking Stocks

S/N

Banks

30-Dec-16

13-Dec-17

% Change

1

FIDELITYBK

0.84

2.36

180.95%

2

STANBIC

15

41

173.33%

3

FBNH

3.35

9.08

171.04%

4

UBA

4.5

10.4

131.11%

5

ACCESS

5.87

11.15

89.95%

6

ETI

10.28

17.95

74.61%

7

DIAMONDBNK

0.88

1.5

70.45%

8

ZENITHBANK

14.75

25

69.49%

9

GUARANTY

24.7

39.9

61.54%

10

UBN

5.5

8

45.45%

11

STERLNBANK

0.76

1

31.58%

12

FCMB

1.1

1.28

16.36%

13

SKYEBANK

0.5

0.5

0.00%

14

UNITYBNK

0.55

0.51

-7.27%

15

WEMABANK

0.54

0.5

-7.41%

Source: TheAnalyst, NSE


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