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    Monday, June 15

    Stanbic IBTC Hits 52-Week High on Sharp Intraday Rally

    Olu AnisereBy Analysis No Comments1 Min Read
    Stanbic IBTC Hits 52-Week High on Sharp Intraday Rally

    Stanbic IBTC Hits 52-Week High on Sharp Intraday Rally

    Stanbic IBTC Holdings Plc hit a 52-week high due to a sharp intraday rally on Monday, according to trading data obtained from the Nigerian Exchange (NGX) platform.

    The financial services company’s share price reached N147 at noon, up 6.52% from N138 per share on Friday, driven by increased investor demand.

    Stanbic IBTC’s share price has been relatively stable in the stock market over the last seven days, with positive fluctuations ahead of earnings season – the next major catalyst for repricing.

    Following positive price movements in large-cap stocks, the banking index is mixed, with some Tier-1 names bleeding amid sell-side activity.

    Stanbic IBTC transaction volume is soft but pushy for its significant intraday rally. Data from the local bourse showed that 476.153 units of Stanbic IBTC, valued at N69.715 million, traded, driving the share price upward.

    With a positive earnings outlook, a slew of equity analysts rated Stanbic IBTC a buy, advising investors to accumulate the company’s shares ahead of Q1. #Stanbic IBTC Hits 52-Week High on Sharp Intraday Rally Lafarge Africa Hits 52-Week High Ahead of Dividend Payment

    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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