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    Wednesday, May 20
    Analysis

    Jaiz Bank Lost 10% as Investors Dump Shares

    Julius AlagbeBy Updated:No Comments1 Min Read
    Jaiz Bank Lost 10% as Investors Dump Shares

    Jaiz Bank Lost 10% as Investors Dump Shares

    Jaiz Bank Plc faced a significant selloff, with its market value plunging 10% as investors offloaded shares associated with Islamic finance.

    The sell-offs were linked to deteriorated investor sentiment, reversing the recent rally amidst warnings of unusual price swings in the local bourse.

    On Wednesday, the Nigerian first non-interest banking institution’s share price fell to N10.8, with an impressive volume of over 51 million shares changing hands, totalling N576 million in traded value.

    Currently, the bank’s share price stands at a seven-day low, a sharp decline from its previous high of N14.04, reflecting a concerning deterioration in investor confidence.

    The market capitalisation of Jaiz Bank Plc., based on its 44.589 billion outstanding shares, has decreased dramatically from N1.1 trillion to N481.565 billion in just one trading day.

    Moreover, the 30% gap between the bank’s 52-week high and market price underscores the volatility and uncertainty surrounding its future in the market. CBN to Sell Nigerian Treasury Bills to Investors Midweek

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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