Jaiz Bank Investors Dump Shares Amidst Missed Regulatory Filing
Jaiz Bank Plc traded against the bullish trend on the Nigerian Exchange (NGX) and lost 7% of its market value over the last five trading sessions, amid a weekly gain of about N6 trillion in the local bourse.
The non-interest bank has lost about 42% of its market value amid investor dumping of shares amid rivalry in the banking sector. Jaiz Bank had hit a 52-week high of N15.43, and since then, investors have been on a selling rally.
Details obtained from the Nigerian Exchange (NGX) platform showed that the Islamic lender’s share price nosedived to N8.95 as investors dumped shares across four of the five trading sessions from an opening price of N9.62.
Reflecting investors’ negative sentiment amid a missed regulatory filing notice, its huge trading volume on the local bourse was led by sell-side investors seeking to take cover ahead of earnings.
At the close of the trading session on Friday, Jaiz Bank Plc’s 44.589 billion outstanding shares were valued at N399.075 billion, tracking at a distance from its 52-week high in the stock market.
The non-interest bank has yet to release its audited financial statement for 2025, while big lenders have submitted their books to aid investors’ decisions.
In its unaudited financial statement for 2025, Jaiz Bank reported an earnings per share of 69.62 kobo, a decline from 66.38 kobo.
The EPS was based on the profit of N31,042 billion attributable to shareholders, with ordinary shares of 44,589,410,000. The Islamic bank shares outstanding increased from 35,378,525,000 in 2024 due to recapitalisation requirements. FCMB Gains 5% as Board of Directors Approves Q1 Earnings
