Browsing: GTCO

Reversing the previous downturn, shares of Nigerian big banks are currently trading higher. The market had priced these stocks lower amidst weak sentiment in the local bourse last week, causing investors to lose N290.1 billion over five trading sessions.

Local deposit money banks in the tier-1 category have seen price declines in the stock market as a result of a persistently negative sentiment on the tickers. To some analysts, banks are between the devil and the blue red sea over rising interest rate.