The share price of the under-valued banking stocks led by Diamond Bank Plc has continued to edge higher in keeping with the current market market momentum.
At the close of today’s trading, Diamond Bank Plc recorded 10 percent increase to bring its share price to N3.19 from N2.90 per share.
HoneyWell Flourmill Plc, which has also had a fair share of favourable investors’ sentiment since the beginning of the year, nudged up by 10 percent to close the day’s activity at N3.08 from N2.80 at the beginning of the trading today.
Skye Bank Plc and Sterling Bank Plc were also up by 10 percent each to close at N1.54 from N1.40 and N2.20 from N2.00 per share respectively.
NPF Micro-finance Bank Plc closed the list of the top five gainers, appreciating by 9.88 percent to close at N1.78 from N1.62 per share.
On the other hand, ABC Transport, one of the stocks to have drooped below the N0.50 band yesterday following the implementation of the new pricing rules, again led the losers after shedding 8.33 percent to close at N0.44 from N0.48 per share.
This was followed by Royal Exchange Plc, which also fell by 8.33 percent to close at N0.44 from N0.48 per share.
FTN Cocoa Plc went down by eight percent to close at N0.46 from N0.50 per share. Cutix Plc depreciated by five percent to close at N2.28 from N2.40 per share, while Nigeria Aviation Handling Company Plc closed the list of the top five loser with 4.63 percent decrease to close at N3.91 from N4.10 per share.