Zenith Bank Share Price Hits N10.85k; Lost N249.60bn In Market CAP, -42.29% Wtd

Culled—Proshare

March 12, 2020

By Proshare Research

Just like the trend of negative performance witnessed in the market during the week by the majority of stocks listed on the Nigerian bourse, the shares of Zenith Bank Plc has been on downtrend since the beginning of the week. The share which closed the previous week at N18.80k hits N16.95k on Monday 9th March 2020. This represents -9.84% drop. It further dropped by -23.01%  on Tuesday 10th March 2020, by -7.66% on Wed March 11th 2020 and by -9.96% at the close of trading today to eventually hit N10.85k.

Chart 1: Zenith Bank Share Price Movement Wtd

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Table 1: Zenith Bank Share Price Movement Wtd

Zenith Bank
S/No Symbol Previous Current %  Chg
1 09-Mar-20         18.80         16.95 -9.84%
2 10-Mar-20          16.95         13.05 -23.01%
3 11-Mar-20          13.05         12.05 -7.66%
4 12-Mar-20          12.05         10.85 -9.96%
Source: NSE, Proshare Research

 

Week-to-date (Wtd), the stock has dropped by -42.29% as against -13.64% recorded by the NSEASI. This reflects that the shares of Zenith Bank has underperformed the NSEASI within the period under review.

 

Table 2: Zenith Bank Share Price Performance Mtd

S/No Symbol 31-Dec-19 28-Feb-20 %  Chg 06-Mar-20 12-Mar-20 WTD % MTD %
1 ZENITHBANK 18.60 18.50 -0.54% 18.80 10.85 -42.29% -41.35%
Source: NSE, Proshare Research

 

In Naira terms, Zenith Bank has lost N249.60bn in Market CAP Wtd and N240.18bn Month-to-date (Mtd). See table 3 below The Market CAP of Zenith Bank recorded it highest single day drop on March 10th 2020 with N122.45bn lost in Market CAP. See table 4 below

Table 3: Zenith Bank Market CAP

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Table 4: Zenith Bank Market CAP Movement Wtd 

Zenith Bank – Market CAP
S/No Symbol Previous Current Diff
1 09-Mar-20 590,254,083,176.80 532,170,569,672.70 (58,083,513,504.10)
2 10-Mar-20 532,170,569,672.70 409,724,243,907.30 (122,446,325,765.40)
3 11-Mar-20 409,724,243,907.30 378,327,750,121.30 (31,396,493,786.00)
4 12-Mar-20 378,327,750,121.30 340,651,957,578.10 (37,675,792,543.20)

Banking Stocks 

A review of the banking stocks performance week-to-date refleected that ZENITHBANK recorded the highest loss. It dropped by -42.29%. it was followed closely by ACCESS and GUARANTY with -31.18% and -26.42% loss respectively while STANBIC and UBN recorded the least loss with -16.29% and -14.89% loss in that order. 

Banking Stocks
S/No Symbol 06-Mar-20 13-Mar-20 %  Chg
1 ZENITHBANK 18.80 10.85 -42.29%
2 ACCESS             8.50            5.85 -31.18%
3 GUARANTY 24.60 18.10 -26.42%
4 STERLNBANK 1.56 1.15 -26.28%
5 FBNH             5.35           4.00 -25.23%
6 ETI             5.85           4.40 -24.79%
7 WEMABANK 0.61 0.46 -24.59%
8 FIDELITYBK            2.00             1.53 -23.50%
9 FCMB             1.85            1.50 -18.92%
10 UNITYBNK 0.53 0.43 -18.87%
11 UBA 6.90 5.60 -18.84%
12 STANBIC 35.00 29.30 -16.29%
13 UBN 7.05 6.00 -14.89%

Source: NSE, Proshare Research

Related Link: Coronanomics: Inside Nigeria’s Stock Market Response

 

One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.

Zenith Bank Results Q4 2019 Table

Proshare Nigeria Pvt. Ltd.

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