August will be remembered as a month to be forgotten for most Nigerian stocks as investors suffered one of the longest bearish runs this year. The stock market is still reeling having now lost about 14.35% year to date (January to August 31, 2015).
Some stocks have however fared even worse especially those in the banking index. The Nigerian banking index has now lost 18.75% this year performing even worse than the All Share Index. We have compiled a list of the worst performers in the banking sector. These stocks have lost at least 20% or more.
|STOCKS||Close||YtD % ∆||Yr high||Yr low|
|DIAMOND BANK NIGERIA PLC||3.18||-43%||5.45||2.76|
|FIRST BANK OF NIG. PLC||6.14||-30%||10.19||5.23|
|UNION BANK NIGERIA PLC||6.3||-26%||11.5||6|
|UNITED BANK FOR AFRICA PLC||3.31||-23%||5||3|
|ACCESS BANK NIGERIA PLC||5.14||-22%||6.89||4.07|