Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,505,254 members, 5,702,680 topics. Date: Friday, 03 July 2020 at 11:42 AM

Shareholders Of Five Banks Lose N180bn In Two Weeks, Stock Price Could Collapse - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Shareholders Of Five Banks Lose N180bn In Two Weeks, Stock Price Could Collapse (705 Views)

Shareholders Of Largest NSE Companies Lose N1120bn In 2 Months / Nigerian Banks Lose 24.5% Of Market Value / Shareholders Of Five Banks Lose N180bn In Two Weeks (2) (3) (4)

(1) (Reply)

Shareholders Of Five Banks Lose N180bn In Two Weeks, Stock Price Could Collapse by tayoTFC(m): 8:47am On Sep 18, 2009
Shareholders of five banks lose N180bn in two weeks, Stock price could collapse to 50 kobo by November
Shareholders of the embattled five banks have lost about N180 billion in two weeks, an indication that they are in for hard times, according to Renaissance Capital. The analysts declared yesterday that going by the continued fall in the share prices of the banks since the lifting of the suspension, their shareholders may be in for more troubles. Renaissance Capital observed that in the last two weeks, the shares of Afribank, Finbank, Intercontinental Bank, Oceanic Bank and Union Bank slumped by 26 percent, 32 percent, 36 percent, 36 percent and 40 percent respectively, being the equivalent of 61 percent of the total market lost by the Nigerian Stock Exchange (NSE) within the same period. This, meanwhile, is against a market growth of over 6 percent attained by the NSE within the same period.
Businessday Newspapers

(1) (Reply)

Nigeria Plans $500 Million Eurobond Issue This Week - Discuss / INVESTMENT OPPORTUNITY For Transport Companies / .

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 48
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.