Close Menu
    Subscribe
    Sunday, May 31
    News

    Jaiz Bank Trades at 44% Discount to 52-Week High

    Ogochukwu NdubuisiBy No Comments1 Min Read
    Jaiz Bank Trades at 44% Discount to 52-Week High

    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

    Oando Soars by 61% as Acquisition Raises Earnings Expectation

    Share.

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Related Posts

    Add A Comment

    Comments are closed.