Jaiz Bank Falls Again as Concern over Earnings Delay Stokes Selloffs
Jaiz Bank plc. dropped an additional 9% of its market value as concerns about the Islamic lender’s delayed audited financial statements stoked sell pressure in the local bourse.
Trading data from the Nigerian Exchange showed that the Islamic lender has lost 48% of its market value over 52 weeks due to a downbeat shareholder/investor sentiment.
Data obtained from the Nigerian Exchange showed Jaiz Bank’s share price nosedived to N8.01 on Tuesday, losing 8.98% as 16.298 million units valued at N138.632 million were transacted, led by sell-side actors seeking to exit positions.
The non-interest bank has lost about half of its market value in its latest round of selloffs. At the close of the trading session, the market value of Jaiz Bank Plc’s 44.589 billion outstanding shares has been reduced to N357.161 billion on the Nigerian Exchange.
Jaiz Bank has yet to release its audited financial statements for the financial year 2025, in breach of the regulatory deadline and the expectations of listed companies.
Jaiz Bank Investors Dump Shares Amidst Missed Regulatory Filing
