The Nigerian Stock Exchange (NSE) has had an impressive performance returning 35.1% year to date. Banking stocks have been at the forefront, with several of them doing returns of over 70%. But FCMB Holdings seems to be lagging price wise.

FCMB has had the least price appreciation among tier two banks on the Nigerian Stock Exchange. Year to date, the stock has gained just 2.73%. Stanbic Ibtc, another tier 2 bank has gained over 150% year to date. Skye bank, which has not released its 2016 financial statements, has gained 24%, while Diamond bank is up 35% year to date.



READ MORE: https://nairametrics.com/reasons-behind-this-buy-recommendation-for-fcmb/


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