Live Trade: Zenith Bank Price Dips Slightly
Some shareholders who are part owners one of the big earners in the financial services industry, Zenith Bank Plc, are selling down their shares or interest in the financial services group, according to live trading data tracked by MarketForces Africa.
The top lender has lost significantly in the last few weeks amidst banking sector recapitalisation program. MarketForces Africa reported that the financial services behemoth closed at N31 per share yesterday in the stock market.
Its market valuation dropped to N973 billion on 31,396 billion shares outstanding – the last banking name to leave N1 trillion valuation.
Early trading record showed Zenith Bank Plc has lost just 5 kobo of its opening price amidst ongoing efforts to recapitalize the bank. The stock’s 52 week record has been knocked down by more than 34%, from N47.35 to the current trading price of N30.95 at the time of filing the report today.
Data from the Nigerian Exchange showed that more than 1.236 million volume of shares have been traded early today worth N38 million. #Live Trade: Zenith Bank Price Dips Slightly Live Trade: GTCO Trades Negative on Early Morning Selloffs
