Modupe Gbadeyanka
By Modupe Gbadeyanka
It has been revealed that FCMB Group emerged the worst performing stock in the month of April 2017.
This occurred because the stock depreciated by 23.20 percent to close at 96k per share against N1.25k it achieved in March.
According to analysts, FCMB recorded this fall as a result of the lean dividend pay-out it made to shareholders as well as unimpressive 2017 numbers released within the period.
A look into the data obtained by the News Agency Nigeria (NAN) revealed that May & Baker came second after depreciating by 15.10 percent to close at 85k, compared with N1, while Trans Nationwide Express emerged third after going down by 12.63 percent to close at 83k per share against 95k it opened for the month.
On the fourth position is Custodian and Allied Insurance, which fell by 10.12 percent to close at N3.2k compared with N3.36k, while Ecobank slumped by 9.82 percent to finish at N7.71k per share from N8.55k in March.
