Jaiz Bank Gains 33%, Insiders Interest Drops to 80.33%
Non-interest lender Jaiz Bank Plc. gained about 33% in the stock market as investor sentiment improved following about 5% year-on-year earnings-per-share growth in the financial year 2025.
Trading volume was strong throughout last week, and on Friday, investors traded Jaiz Bank shares worth N210.544 million. Increased market activities were buoyed by improved sentiment and a broader market rally.
Investors seeking undervalued and growth stocks with potential for healthy upside ramped up their positions ahead of the first-quarter 2026 earnings release.
Jaiz Bank’s earnings per share grew to 69.62 kobo, up by 4.88% year on year from 66.38 kobo posted in the financial year 2024.
The non-interest bank profit increased by more than 32% to N31.042 billion, according to unaudited financial statements submitted to the Nigerian Exchange.
However, the equity capital raised led to a bloated shareholding of 44.589 billion, impacting earnings per share. The Islamic finance-linked company’s share price rallied across the week.
Data from the Nigerian Exchange showed that the counter climbed from N8.30 at the beginning of the just concluded week to N11, its highest on record in the market.
At the close of the trading session, the market value of Jaiz Bank Plc’s 44.589 billion shares outstanding surged to N490.483 billion, its highest in 52 weeks.
A review of the non-interest bank shareholding structure indicates that Dantata Investment & Securities Limited has divested its holdings.
Six significant shareholders now hold 80.33% of the bank’s shares, down from 80.44% prior to the Recapitalisation. Dantata Investment & Securities Limited’s 7.97% interest was mopped up by Dantata Aminu Alhassan. Banks Place N4.6trn with CBN Amidst Weak Loan Appetite
