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
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
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
Zenith Bank Results Q4 2019 Table
