Zenith Bank’s shareholders lose N3.13bn as stock value drops over dwindling public interest

Shareholders at the Zenith Bank have lost N3.13 billion this week as investors’ interest in the lender fluctuates.

Within two days, the value of Zenith Bank’s shares dropped with investors and members of the public pricing the shares at a lower price.

The closing price for Zenith Bank’s stock at the close of business on Monday was N23.9kobo.

READ ALSO: Onyeagwu tightens control on Zenith Bank with N144.2m shares

This dropped to N23.8kobo on Tuesday and depreciated further to N23.5kobo on Wednesday.

It, however, rebounded and settled at N23.8kobo on Thursday.

The depreciation in the value of Zenith Bank’s stock came at a time companies are preparing their financial statements for the second quarter.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now