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Nairaland Forum / Nairaland / General / Business / Diamond Bank Dominates Nigerian Stock Exchange (23670 Views)
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Diamond Bank Dominates Nigerian Stock Exchange by stephanie11: 7:02pm On Dec 17, 2018 |
@POLITICSNGR Diamond Bank Plc dominated trading activities on the Nigerian Stock Exchange (NSE) on Monday, following its acquisition by Access Bank Plc. PoliticsNGR learned that the bank exchanged 70.98 million shares worth N72.64 million in 129 deals. Mr Ambrose Omordion attributed the development to the bank’s official acquisition by Access Bank. Omordion said that the business combination was a good deal for Diamond Bank shareholders as the bank would pay N1 per share plus two units of Access Bank for every seven units of Diamond Bank shares. “For instance, if you had 10,000 units of Diamond Bank shares, you will get N10,000 and 2,857 units of Access Bank shares. “This is a good deal for holders of Diamond bank shares. But investors need to confirm what the cut-off date will be,” he said. Mansard Insurance followed with an account of 20.03 million shares, valued at N40.06 million in eight deals, while FBN Holdings traded 16.52 million shares worth N120.19 million in 175 deals. Access Bank sold 13.62 million shares, valued at N180. 55 million transacted in 254 deals, while Trancorp exchanged 12.29 million shares worth N14.18 million traded in 108 deals. An analysis of the price movement table showed that Cement Company of Northern Nigeria led the gainers’ table, gaining N1.45 to close at N17.15 per share. Access Bank followed with a gain of 70k to close at N8.15, while International Breweries gained 50k to close at N30.50 per share. Flour Mills increased by 45k to close at N21, while Fidson Healthcare added 35k to close at N4.95 per share. On the other hand, CAP recorded the highest loss, dropping by N2.40 to close at N34.85 per share. Forte Oil trailed with a loss of N2.40 to close at N21.70, while Guaranty Trust Bank declined by 95k to close at N34.05 per share. Unilever dipped 85k to close at N38.05, while Lafarge Africa was down by 50k to close at N11.95 per share. Specifically, the All-Share Index, which opened at 30,681.50, shed 73.44 points or 0.24 per cent to close at 30,608.06. Also, the market capitalisation closed lower at N11.180 trillion, shedding N26 billion compared with N11.206 trillion on Friday. https://politicsngr.com/diamond-bank-dominates-nigerian-stock-exchange/ 4 Likes 1 Share
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Re: Diamond Bank Dominates Nigerian Stock Exchange by dingbang(m): 7:03pm On Dec 17, 2018 |
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Re: Diamond Bank Dominates Nigerian Stock Exchange by Zanotee: 7:26pm On Dec 17, 2018 |
“For instance, if you had 10,000 units of Diamond Bank shares, you will get N10,000 and 2,857 units of Access Bank shares.Blessings in disguise. These are great deals, meeehn. 13 Likes 2 Shares |
Re: Diamond Bank Dominates Nigerian Stock Exchange by agabusta: 7:27pm On Dec 17, 2018 |
Offloading?? 1 Like |
Re: Diamond Bank Dominates Nigerian Stock Exchange by Nobody: 7:27pm On Dec 17, 2018 |
Wetin done cast done cast o. 12 Likes 3 Shares |
Re: Diamond Bank Dominates Nigerian Stock Exchange by kollinz1234(m): 7:27pm On Dec 17, 2018 |
This |
Re: Diamond Bank Dominates Nigerian Stock Exchange by Smartphil(m): 7:27pm On Dec 17, 2018 |
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Re: Diamond Bank Dominates Nigerian Stock Exchange by donprinyo(m): 7:27pm On Dec 17, 2018 |
Guys above r Jobless youth |
Re: Diamond Bank Dominates Nigerian Stock Exchange by MANNABBQGRILLS: 7:27pm On Dec 17, 2018 |
This is a good deal for those of us that are holders of Diamond bank shares. 8 Likes 2 Shares |
Re: Diamond Bank Dominates Nigerian Stock Exchange by kollinz1234(m): 7:27pm On Dec 17, 2018 |
I don't understand all these, can somebody tell me what this Access bank is that I don't know ![]() ![]() ![]() 5 Likes |
Re: Diamond Bank Dominates Nigerian Stock Exchange by olasco2035: 7:27pm On Dec 17, 2018 |
Happy birthday to my wonderful and amiable President.... May God continue to safeguard u....and gv u the strength to continue the gud work u av started... and may he put all ur haters to shame...the Igbos 2 Likes 1 Share
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Re: Diamond Bank Dominates Nigerian Stock Exchange by Shookonekilla: 7:27pm On Dec 17, 2018 |
As expected Emeka Dozie has killed his father's legacy Sad indeed What do you expect when his father was paying the house rent of a man in his late thirties What a useless son Sir Pascal Dozie has Indeed 27 Likes 1 Share |
Re: Diamond Bank Dominates Nigerian Stock Exchange by warlord24(m): 7:28pm On Dec 17, 2018 |
R |
Re: Diamond Bank Dominates Nigerian Stock Exchange by Nobody: 7:28pm On Dec 17, 2018 |
When Diamond bank stopped giving out branded slips for deposits transactions, that was when my instinct started telling me that all was not well with the bank. At a point they even stopped giving out any slip at all for deposit. Since access bank is the one in charge, I am OK. But they should sack that incompetent Dozie ASAP. 8 Likes |
Re: Diamond Bank Dominates Nigerian Stock Exchange by SageTravels: 7:28pm On Dec 17, 2018 |
Even Diamond does not last. Be humble 4 Likes |
Re: Diamond Bank Dominates Nigerian Stock Exchange by marvin906(m): 7:29pm On Dec 17, 2018 |
i thought it was going to drop self
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Re: Diamond Bank Dominates Nigerian Stock Exchange by Ekpekus(m): 7:29pm On Dec 17, 2018 |
Buy that stock and cry later cos it is going to dip. If you know, you know 15 Likes 1 Share |
Re: Diamond Bank Dominates Nigerian Stock Exchange by pat077: 7:29pm On Dec 17, 2018 |
I no longer see shares as a viable investment option in this country 24 Likes 2 Shares |
Re: Diamond Bank Dominates Nigerian Stock Exchange by codeworks(m): 7:29pm On Dec 17, 2018 |
I always want to open foreign account. I don't trust this country but let me when First Bank, GTBank and UBA want to bankrupt |
Re: Diamond Bank Dominates Nigerian Stock Exchange by opportunities12: 7:29pm On Dec 17, 2018 |
Apparently, Diamond don't last forever [color=#990000][/color] ![]() |
Re: Diamond Bank Dominates Nigerian Stock Exchange by Nobody: 7:29pm On Dec 17, 2018 |
really excalating! |
Re: Diamond Bank Dominates Nigerian Stock Exchange by Dlapezzi(m): 7:30pm On Dec 17, 2018 |
My own be say make una no feck with my money oo 2 Likes |
Re: Diamond Bank Dominates Nigerian Stock Exchange by MrPresident1: 7:30pm On Dec 17, 2018 |
Monkey market |
Re: Diamond Bank Dominates Nigerian Stock Exchange by Ekpekus(m): 7:30pm On Dec 17, 2018 |
marvin906:Speculators doing their thing ![]() |
Re: Diamond Bank Dominates Nigerian Stock Exchange by marvin906(m): 7:30pm On Dec 17, 2018 |
Shookonekilla: that's harsh... Truth be told I never really expected this actually thought the guy was doing well
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Re: Diamond Bank Dominates Nigerian Stock Exchange by WaffenSS(m): 7:31pm On Dec 17, 2018 |
Who cares the number of deals? |
Re: Diamond Bank Dominates Nigerian Stock Exchange by felixsantos(m): 7:31pm On Dec 17, 2018 |
Cool deal for Diamond bank shareholders. |
Re: Diamond Bank Dominates Nigerian Stock Exchange by ednut1(m): 7:31pm On Dec 17, 2018 |
Chrismas don set for those who had the info before it leaked chai |
Re: Diamond Bank Dominates Nigerian Stock Exchange by kollinz1234(m): 7:32pm On Dec 17, 2018 |
Someone was arguing heavily in my office 2day and said "Even Buhari will vote for Atiku" Haba!!
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Re: Diamond Bank Dominates Nigerian Stock Exchange by Jonadull: 7:32pm On Dec 17, 2018 |
Zanotee:It’s not happening |
Re: Diamond Bank Dominates Nigerian Stock Exchange by omoniomoade(f): 7:32pm On Dec 17, 2018 |
Dozies son has finally finished the bank, lesson for everyone gathering wealth for untrained child.... I don't mean academic qualifications but proper home training . 5 Likes |
Re: Diamond Bank Dominates Nigerian Stock Exchange by Olodo24: 7:35pm On Dec 17, 2018 |
I just hope my 40billion naira is safe in their hands
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