FBN Holdings Plc Stock Performance
The current price, at the time of writing, for FBN Holdings Plc stocks on the Nigerian Stock Exchange (NGX) is 12.10 Nigerian Naira (NGN).
FBNH stocks closed a recent trading day (21October 2021) at 12.10 NGN per share on the Nigerian Stock Exchange (NGX), experiencing a 0.8% drop from its previous closing price of 12.20 NGN.
An analysis of financial data of FBN Holdings Plc showed that the company has a total market capitalisation of 434 Billion NGN, with a Price/Earning ratio of 5.19 and earnings per share of 2.33 NGN. A total of 35.9 Billion shares were outstanding.
FBN Holdings Plc showed increased profits for the second quarter of 2021, which ended in June, with bank interest income of 82,661.00 million NGN, up from 78,357.00 million NGN for the first quarter..
With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell FBN Holdings Plc stocks can look forward to more profitable dividends and earnings in times to come.
According to an analysis on the live chart of FBN Holdings Plc, analysts forecast further improved performance for the financial sector with market share growing as trading volumes increase.
Highlights of FBN Holdings Plc in 2021
FBN Holdings Plc started the current financial year (2021) with a share price of 7.15 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 69.2 % in value on its price valuation, ranking 17th on the NGX with its year-to-date performance.
FBN Holdings Plc is currently the most-traded stock on the NGX and it has experienced a total trading volume of more than 3.66 billion shares, which were finalised in 14,188 deals and were valued at a total of 36.3 billion Nigerian Naira (NGN) over the recent three month period from July to October 2021, with an average of 58.1 million shares in each trading session.
During the same period a volume high of 603 million was achieved on 14 October and a low of 1.74 million on 1 September.
Investors are optimistic about FBNH stocks since it has grown an outstanding 61 % over the past month, ranking it the second best stock on the NGX.
How to buy FBN Holdings Plc stocks – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade FBN Holdings Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “FBNH”.
- Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
- Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- Once your account has been activated, you are ready to make your first share purchase through the broker.
- From here you can start to build and diversify your portfolio by buying more shares.
