Jaiz Bank Trades at 44% Discount to 52-Week High
Jaiz Bank Plc share price plunged by 4.66% on Friday on the floor of the Nigerian Exchange (NGX) as investors offloaded Islamic lender shares.
The premier non-interest bank has seen its share movement subdued due to lower coverage and moderate market share in the banking sector.
It has peaked at N2.36 on Thursday before the next profit taking by sell side investors in the trading session on Friday in the equities market.
At the current price of N22.25, Jaiz Bank Plc 34.541 billion shares outstanding in the market was valued at N77.71 billion.
The Islamic bank share now trading at about 44% to its 52 week ahead amidst plan to upgrade its capital ahead of 2026 deadline sets by the Central Bank of Nigeria. #Jaiz Bank Trades at 44% Discount to 52-Week High
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