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UBN, DIAMONDBNK, FBNH Record Positive WTD Gain

Stock & Analyst Updates	4353 VIEWS
Stock & Analyst Updates
4353 VIEWS

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