Nigeria: FCMB Shares Rise By 25 Percent On High Demand

14 January 2013

High demand for the shares of First City Monument Bank Plc following expectation of impressive 2012 full-year result, benefits from acquisition of Finbank Plc and holding company structure have helped in driving up the equity price by 24.5 per cent within the few days of the year.

THISDAY analysis of the equity performance showed that it had outperformed the NSE Banking Index by 14.2 per cent considering the fact that the sectoral index has recorded a growth of 10.3 per cent so far in the year.

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