Author: Marketforces Africa

Bear market: Zenith, GTB are two stocks to watch – FSDH These two banks have achieved negative returns year to date, but market analysts are of the view that the stock are relatively trading below fair value. Zenith stock closed at N17.20 on the last trading day in August while GTBank share was traded at N27.35. Market data shows that Zenith has 25.38% negative return year to date, compare with GTBank 20.72% negative return for the same period. What that means is that, their individual share price has dropped to that extent. FSDH review shows that the Nigerian equity market,…

“Fiscal conditions in Nigeria’s States under water, as only three states meet payroll expenses with IGR”

GTB share price swing high after superior first half performance Guaranty Trust Bank Plc stock maintained balance swings weeks after its first half result was released. The bank first half 2019 profit after tax settled at N99.133 billion. Though half year dividends have been consistent, its year to date performance return remains negative at 20.72%. At the first trading day in 2019, the bank stock opened at N34.45 and had reached N38.95 during the year before time rugged bearish moves set the equities market ablaze. However, its recent month stock trend is reversing its negative return in the period. Now,…

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