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Nigerian financial market: the stock market value of the five largest banks falls

13/01/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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The fall in the stock market value of banking institutions such as Access Bank, First Bank Nigeria, Guaranty Trust Bank, etc. is explained by the caution of foreign investors in the Nigerian financial market ; nothing.

La valeur en bourse des actions de Guaranty Trust Bank, Access Bank, United Bank for Africa (UBA), First Bank Nigeria and Zenith Bank Plc fell by 5.5% to 2.43 trillion in 2021, the value of their shares was 2.57 trillion naira at the end of 2022. The share price of Guaranty Trust Bank increased from 26 naira to 23 naira. It thus lost 88.3 billion naira in valuation during the year 2022. The share price of Zenith Bank Plc style="font-family: "Bookman Old Style”, "serif"> decreased by 1.15 naira per share, as did the price of First Bank Nigeria's share fell from 11.4 naira to 10.9 naira per share. The bank lost 88.3 billion naira in valuation during the year 2022. Access Bank's share price fell from 9.3 naira to 8.5 naira. The UBA share price rose from 8.05 to 7.6 naira.

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