Sterling Plc Falls by 10% in Post Earnings Selloffs
Sterling Financial Holdings Plc lost more than 10% of its market value as investors sell shares in the local bourse as sentiment declined after earnings release.
According to data from the Nigerian Exchange (NGX), Sterling Plc share price inched lower to N7.50 as more than 20.658 million units valued at N156.359 million changed hands.
The banking group lost 10.1796% of its market value week on week as sell side actors offloaded their shares in four out of trading sessions, dropping from N8.35 at the beginning of the trading.
Hence, market value of Sterling Financial Holdings Plc.’s 52.117 billion shares outstanding declined to N390.877 billion, which represents about 16.4% discount to its highest value attained in 52 weeks.
Earnings results
Sterling Plc earnings per share surged by about 59% to 89 kobo at the end of first half of 2025 from 56 kobo. Profit after tax hit N41.775 billion by 156.88% from N16.262 billion in the comparable period in 2024, helped by significant gross earnings growth in the period.
The financial services holdings company grew gross earnings by 39.69% year on year in the first half of 2025 earnings period, settling at N212.612 billion from N152.202 billion in the equivalent period in 2024.
Who Owns Sterling Financial Holdings
MarketForces Africa gathered that foreign investors own 25.93% of Sterling Financial Holdings outstanding shares in the local bourse.
As of first half, CardinalStone Asset Management Limited held 31.98% of Sterling Plc shares outstanding, followed by Silverlake Investments Limited (20.61%) and Ess-ay Investments Limited (5.13%).
Total substantial shareholders combined interest printed at 57.72% as of the end of first half of 2025. Out of 16.43% influential shareholding, State Bank of India controlled 4.89% and Mike Adenuga owns 3.51 among others. Sterling Plc has 23.14% free float rate in compliance with NGX requirement for listed companies. #Sterling Plc Falls by 10% in Post Earnings Selloffs#
