Stanbic IBTC Hits 52-Week High in Fresh Rally
Stanbic IBTC Holding Plc has set a new record in the Nigerian stock market, with investors doubling down on the lender despite the forthcoming delay in its 2025 audited financial statements.
Following a brief dip in stock price due to this announcement, Stanbic IBTC made a strong comeback, surging 5.56% on Thursday, reflecting an improved investor sentiment.
Its share price surged as investors trading highs and lows traded 1.067 million units of the non-operating holding company, valued at N140.406 million.
Currently trading at N133 per share, Stanbic IBTC has reached its 52-week high, and equity analysts maintain a solidly positive outlook in anticipation of the company’s Q1 earnings release.
With 15.901 billion outstanding shares, the market value of Stanbic IBTC Holdings Plc has soared to N2.114 trillion, making it the only Tier-2 lender to eclipse a 2 trillion-naira valuation in the local stock market.
While the announcement of a delay in the 2025 audited financial statements initially spurred sell-offs, the banking stock has decisively rebounded and is showing strength in the marketplace. NGX Index Surges as Nestle Nigeria, Stanbic IBTC Rally
