FCMB Steadies, Investors React to Q4 Earnings Forecast
FCMB market value steadied, though the company recorded significant transactions volume and value surged as investors reacted to the financial services company’s earnings forecast.
Trading details from the Nigerian Exchange (NGX) showed that FCMB share price closed flattish at N10.50, leaving its market value of its 39.605 billion shares outstanding at N415.856 billion.
The financial services group market value closed flattish while trading data showed that 460.948 million units of FCMB were traded in the stock market – suggesting possible block trade set up by brokers.
Trading activities in the local bourse closed on a mixed note as the total volume of trade dropped by -47.50%, while the Total Value increased by +14.50%.
FCMB shares trading led the activity chart on the Nigerian Exchange on Monday, accounting for 48.68% of the total volume of all transaction executed in the local bourse.
Also, FCMB emerged as the most traded stock in terms of value, accounting for 26.38% of the total value of all trades executed on the exchange.
In its earnings forecast notice, FCMB targets N58.821 billion as net income in the fourth quarter of financial year 2025. The group anticipates N265.203 billion in gross earnings.
FCMB forecasted net interest income to reach N115.756 billion. Its operating income is projected to reach N149.121 billion, with expected boost from FX earnings, trading gain , transactions commission and others unclassified sources.
Due to pressures on asset quality, FCMB group estimated N14.123 billion as impairment charges on loan losses and more than N69 billion operating expense was projected for the period. #FCMB Steadies, Investors React to Q4 Earnings Forecast CBN to Open Treasury Bills Worth N480bln for Subscription
