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SPOTLIGHT STORIESWhy banking stocks remain investors’ delight
SPOTLIGHT STORIESWhy banking stocks remain investors’ delight
Banks will continue to report relatively robust profitability (compared to the other listed segments) and dividends.
Published 22 hours ago on August 31, 2020 By Abiola Odutola Ecobank, Nigerian Stock Exchange, Beta Glass, Forte Oil, Transcorp lead gainers chart on Wednesday, Law Union, AIICO, Honeywell top gainers’ chart on Wednesday, Investors lose N9.14 billion to bearish trades on Wednesday , Dangote, Cadbury, Flourmills regains bullish momentum run at Nigeria’s Stock Market, AIRTEL, NESTLE, NB lead the Bulls a home win, Investors party with N106.3 Billion
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Stocks of Nigerian banks, especially FUGAZ, have been investors delights for a while now, as stock market analysts placed some of them on ‘Buy’ even amid Coronavirus pandemic.
The experts, who spoke with Nairametrics in separate interviews, are optimistic that the banking segment of the Nigerian stock market would always give their shareholders reasons to smile, especially if the Central Bank of Nigeria (CBN) addresses an important issue, which is apex bank’s policy for non-performing loans.
Mohamed Abu Basha, Head of Macro Economy, EFG Hermes explained that the banking segment would yield more returns to the shareholders if CBN introduces more lenient policies to the banking sector.
READ: GTBank, Access Bank, others attract foreign investment worth $5.85 billion in Q1
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