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Nairaland Forum / Nairaland / General / Investment / Why Is First Bank's Share Price Falling (2623 Views)
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Why Is First Bank's Share Price Falling by bullsnbearsng: 12:20pm On Oct 10, 2014 |
Does anybody have an idea why First Bank Shares has been on a downward spiral for sometime now? |
Re: Why Is First Bank's Share Price Falling by Angelstartups(f): 3:28pm On Oct 11, 2014 |
Hello. Several factors some of which include; (1) Market forces (demand and supply) (2) Market sentiment as a result of general elections coming next year (3) Foreign/ local investors trading (selling) high volumes of their shares to buy treasury bills in the short term (4) Profit taking Do not be too bothered as a value investor, the bank will likely declare bonus and most certainly issue dividends by end of financial year. The fundamentals of the bank is solid as usual. |
Re: Why Is First Bank's Share Price Falling by kokobaba: 8:20pm On Oct 11, 2014 |
Angelstartups: I doubt if the bank will declare any bonus. |
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