FBNH, the parent company of First Bank Nigeria made it three consecutive days of gains as positive sentiments from investors helped it record trade of over 600 million units of shares valued at N7.11 billion at the close of trading Thursday, October 14th.
The bank maintained the highest traded shares, in volume and value, on the exchange after today’s trading session. The buy-interests in the shares of the bank drove the price higher by 7.31% from the previous day’s closing price of N10.95, to close the day at N11.75, although the shares traded at N12.00 during the trading session.
At N11.75 FBNH has hit a three year high rewarding investors who had bought at a three year low of N3.7 with more than 200% returns. The shares traded for N3.7 on March 1st 2020 and a 5 year low of N2.9 on April 1 2017. The recent rally is the highest we have seen between 2017 and 2018 when it hit a similar trajectory.
Week-on-Week, however, the shares of the bank have gained approximately 20% in price from N9.80 last week Friday to N11.75 today. Stockbrokers who spoke with Nairametrics suggest the shares is trading high on the back of a rumoured takeover by a strategic investor.
Market performance
The Nigerian Exchange market closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 19 basis points. The bulls dominated the bears in today’s trading session as market breadth indicated a positive mood.
The NGX ASI closed at 41,129.98 points, to reflect a growth of 0.19% from the previous trading day and a Year-to-Date (YTD) return of 2.13%. Meanwhile, the market capitalization increased by N41.06 billion.
At the close of the market today, Thursday, 14th October 2021, the stock exchange market value currently stands at N21.43 trillion from N21.39 trillion in the previous trading day.
The market breadth closed positive as CHAMPION led 21 Gainers, and 14 Losers topped by LEARNAFRICA at the end of today’s session. The stock market has advanced 859.26 base points since the start of the year.
NGX ASI top gainers
- CHAMPION up +9.71% to close at N3.05
- AFRIPRUD up +7.81% to close at N6.90
- FBNH up +7.31% to close at N11.75
- UNIVINSURE up +4.76% to close at N0.22
- CHAMS up +4.35% to close at N0.24
NGX ASI top losers
- LEARNAFRI down –10.00% to close at N1.26
- ETI down –8.16% to close at N6.75
- WAPIC down –6.00% to close at N0.47
- LINKASSU down –5.00% to close at N0.57
- NEM down –4.46% to close at N1.93
NGX ASI top traded by volume
- FBNH – 602,768,564 units
- GTCO – 63,749,288 units
- CHAMPION – 37,684,373 units
- UNIVINSURE – 21,909,509 units
- UBA – 21,174,295 units
NGX ASI top traded by value
- FBNH – N7,111,934,085.65
- GTCO – N1,811,033,414.35
- SEPLAT – N655,129,684.70
- ZENITHBANK – N242,775,430.25
- UBA – N176,701,388.65
Market sentiments trend towards the bulls with the market differential being in favour of the advancers as 21 gainers surpassed 14 losers.
I was in d same shoe on Friday,I was suppose to pay up only for my pastor to call me and start asking me questions dat he was sent massages from sokoloan. Dat am a thief I should not be trusted. Why all dis embarrassment.
Good Day, Sorry this message is coming to you, this is in regard of the mentioned Name:Shav rosemary Phone: 08034518775 BVNWHOBORROWED A SUBSTANTIAL AMOUNT OF MONEY FROM OUR COMPANY(NCASH) and has failed to pay back the Loan BORROWED from OUR ORGANISATION , kindly reach and urge the person to make payment to avoid us taking DRASTIC ACTIONS , IF WE DONT GET THE PAYMENT TODAY, ADEQUATE MEASURES WOULD BE ENFORCED TO GET OUR LOAN REPAYMENT BACK BY INFORMING THE PUBLIC AND AS WELL GOING ON SOCIAL MEDIAS TO SHARE THE PERSON BVN, EMAIL ADDRESS, HOME ADDRESS AND ACCOUNT NUMBER ON FACEBOOK, WHATSAPP, INSTAGRAM AND THE PERSON IN QUESTION WOULD BE SERIOUSLY DISGRACED AND DECLARED WANTED…. Finally, be informed that the above name used YOUR NUMBER, YOUR NAME AND YOUR IMAGE as one of the EMERGENCY CONTACT allocated to our organisation ,WE WILL SOON INVITE YOU FOR QUESTIONING BY THE LAW ENFORCEMENT AGENCY because we have your information with us, you can as well call and tell the affected person to exclude you if you do not know about this Loan so as not to tarnish your good image and reputation… Thank you…. NCASH Legal Team
This is the message I just received
Pls I don’t know anything about this loan….exclude my name and image from this. Pls contact the offender her self.. that is Rosemary Shav
Sir, the person never include your name as guarantor i can assure you that. These people have access to the borrower data, details, contact ,message and everything on the borrower phone, what they do is check most frequently called number, or messages,when they noticed the one very close or pastor name, they sent the person message that the borrower use them as guarantor so you can be furious and mount pressure on him/her as much as they will be doing their own on they side so life could be miserable and frustrating for the borrower. Pls kindly hear the person out pls. Good night
Kashkey is a scam app! Even Gold naira! I made my payment and send the proof of payment to them but they keep telling me I did not pay to them! They actually want me to pay twice!
I downloaded the kashkey app! They sent me a message that the money has been disbursed in my account,I didn’t see the money in my account! I have gone to my bank for statement,it is seen that the money was not paid in my account! And they are threatening to post my picture on all social media platform! They are after my life!!! They make me dippresed all the time!!
Those blaming the defaulters should be careful, lest woes befall them. Nobody chooses to be a debtor, situations warrant it.
Please don’t toy with people’s emotions. It could be as serious as committing suicide. The government shouldn’t wait until we have high rates of suicide in regard to this blackmailing.
How on earth would you call your client a fraudster. A client who still answers your calls and reply your messages politely. He pleads for mercy, and extension to get things done. Instead of the company giving at least 14 days grace. They go ahead evading the data privacy of their clients, and defaming their characters.
Please who ever is a victim should send a mail to the following email addresses. Express your pains, don’t ever commit suicide, I beg of you. This time will definitely pass over.
info@nitda.gov.ng
dpo@nitda.gov.ng
Or write a letter to:
National IT Development Agency (NITDA),
28, Port Harcourt, Crescent, Area 11, Garki, Abuja.
Area 11, Abuja
Thank you.