Stock Market Review: Top Banking Stocks by Year-to-Date Performance
The Nigerian Stock Exchange is offering investors some good returns so far this year. Some stocks have returned as high as 117% (International Breweries) and 101% (CAP Plc) as at today’s closing prices.
As at today, the Nigeria Stock Exchange has returned 19.82% year to date (ytd). Our report focuses on the banking sector, where Access Bank is leading the financial services sub-sector. The bank’s share price has returned 81% to its shareholders in 2012.
Trailing the banking sub-sector is Union Bank, with a return on investment of -38% ytd.
UBA is the second best performer with 70%ytd, followed by First Bank +59%.
The sub-sector’s performance is represented in the league table below: