Despite sell pressure witnessed on the shares of some quoted companies listed on the floor of the Nigerian Exchange in the month of August, three top Nigerian Banks, Zenith Bank Plc, Ecobank and FBNH Plc gained about N68.627 billion in market capitalisation.
Checks by Nairametrics showed that Ecobank Plc grew by 11% to N11.00 per share from N9.90 which was the opening share price on 1st August, while Zenith Bank Plc increased by 5.79% to N21.90 per share from share price of N20.70 at the commencement of the current year trading in August. FBNH Plc trailed with a growth of 2.76 % to N11.15 per share from N11.00 per share during the period under review.
Performance of the banks’ share prices
- Ecobank closed its last trading day of the month at N11.00 per share and N201.845 billion in market capitalisation on the Nigerian Stock Exchange (NGX) as against N9.90 per share and N181.660.56 billion in market capitalisation at the beginning of trading on August 1, hence has earned a month to date gain of N20.184.5 billion or 11.11%.
- Zenith Bank Plc also closed its last trading day at N21.90 per share and N687.583.21 billion. The bank has since gained 5.79% and N37.675.79 billion in market capitalisation.
- FBNH Plc also closed the last trading day at N11.15 per share and N400.232.51 billion in market capitalisation compared to opening figure of N11.00 per share and N389.463.93 billion in market capitalisation, hence has earned a gain of N10.768.58 billion 0r 2.76% month to date.