Showing posts with label Stanbic IBTC. Show all posts
Showing posts with label Stanbic IBTC. Show all posts

Monday, 8 September 2014

Stanbic, GTBank, FCMB pull bulk of banking stock gains

In the eight months to September 4, 2014, investors in Stanbic IBTC Holdings plc achieved the largest chunk of share price growth ahead of other banking stocks, followed by Guaranty Trust Bank plc, FCMB Group plc, and Ecobank Transnational Incorporated plc, BusinessDay trend watch can disclose.
Between January 3 and September 4, Stanbic IBTC plc led the basket of banking stocks after its share price rose by N8, from N21.6 to N30.40; followed by Guaranty Trust Bank plc which rallied by N0.43, from N28.88 to N29.31. FCMB plc appreciated from N3.9 to N4.24, adding N0.34; while Ecobank Transnational Incorporated plc gained N0.01, from N17 to N17.01.
While narrowing risk spectrum in the fixed income securities is said to contribute in making equities unattractive to investors, investment analysts continue to