Does anybody have an idea why First Bank Shares has been on a downward spiral for sometime now?

Hello.

Several factors some of which include;

(1) Market forces (demand and supply)
(2) Market sentiment as a result of general elections coming next year
(3) Foreign/ local investors trading (selling) high volumes of their shares to buy treasury bills in the short term
(4) Profit taking

Do not be too bothered as a value investor, the bank will likely declare bonus and most certainly issue dividends by end of financial year. The fundamentals of the bank is solid as usual.

Angelstartups:
Hello.

Several factors some of which include;

(1) Market forces (demand and supply)
(2) Market sentiment as a result of general elections coming next year
(3) Foreign/ local investors trading (selling) high volumes of their shares to buy treasury bills in the short term
(4) Profit taking

Do not be too bothered as a value investor, the bank will likely declare bonus and most certainly issue dividends by end of financial year. The fundamentals of the bank is solid as usual.

I doubt if the bank will declare any bonus.