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EcoBank Losing Steam On Ranking, Drops To 9th Spot

Tags: bank

EcoBank Losing Steam On Ranking, Drops To 9th Spot – Over time, Ecobank has lost its place as one of the least volatile stocks on the Nigerian Stock Exchange (NSE), ranking ninth where it ranked second in February 2018 and eight by July of same year. This indicates that the Bank is leaving the least volatile stock segment to a volatile one.

By Friday, January 25,2019 the Ecobank stock had beta of 1.1801 to retain the tenth spot from last week in a week where once again the top spot was clinched by Wema Bank with beta of 0.7447.

On the heels of Wema Bank is Union Bank that has shown a desire to lead the pack on least volatility several times in the past, with bet of 0.8112. By this move upwards, Union Bank displaced Unity Bank that has had a traditional and recurring repose on the second spot. Unity Bank managed a beta of 0.8619.

The most volatile banking stock on the Nigerian Stock Exchange (NSE) turned out to be Diamond Bank in a no surprise ranking since the bank has retained that spot since rankings began. UBA, as United Bank for Africa is called, followed as the second most volatile bank stock with beta of 1.6716. The next heavy ranking, at number 13 based on a much higher beta score is FCMB with beta of 1.6284.

# Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole-Investopedia.

Risk adverse investors may want to put their money in less risky stocks while investors with a high risk tolerance may want to invest in the riskier stocks or stocks with high betas.

Industry Analysis

21/1/2019 beta Rank

WEMA Bank 0.7178 1

Unity Bank 0.8435 2

Union Bank 0.9542 3

GT Bank 0.992 4

STANBIC IBTC 1.0074 5

Zenith Bank 1.0315 6

Access Bank 1.1005 7

ECO Bank Transnational 1.166 8

Sterling Bank 1.2174 9

First Bank 1.3303 10

Fidelity Bank 1.3967 11

FCMB 1.603 12

UBA 1.6085 13

Diamond Bank 1.9092 14

22/1/2019 beta Rank

WEMA Bank 0.7447 1

Union Bank 0.8109 2

Unity Bank 0.8614 3

GT Bank 1.0045 4

STANBIC IBTC 1.0195 5

Zenith Bank 1.0473 6

Sterling Bank 1.0638 7

Access Bank 1.0949 8

ECO Bank Transnational 1.1801 9

First Bank 1.334 10

Fidelity Bank 1.3492 11

FCMB 1.6273 12

UBA 1.6723 13

Diamond Bank 1.8662 14

23/1/2019 beta Rank

WEMA Bank 0.7178 1

Unity Bank 0.8435 2

Union Bank 0.9542 3

GT Bank 0.992 4

STANBIC IBTC 1.0074 5

Zenith Bank 1.0315 6

Access Bank 1.1005 7

ECO Bank Transnational 1.166 8

Sterling Bank 1.2174 9

First Bank 1.3303 10

Fidelity Bank 1.3967 11

FCMB 1.603 12

UBA 1.6085 13

Diamond Bank 1.9092 14

24/1/2019 beta Rank

WEMA Bank 0.7447 1

Union Bank 0.811 2

Unity Bank 0.8615 3

GT Bank 1.0038 4

STANBIC IBTC 1.0212 5

Zenith Bank 1.0475 6

Sterling Bank 1.0651 7

Access Bank 1.0947 8

ECO Bank Transnational 1.1801 9

First Bank 1.3339 10

Fidelity Bank 1.3491 11

FCMB 1.627 12

UBA 1.6722 13

Diamond Bank 1.8684 14

25/1/2019 beta Rank

WEMA Bank 0.7447 1

Union Bank 0.8112 2

Unity Bank 0.8619 3

GT Bank 1.0029 4

STANBIC IBTC 1.0219 5

Zenith Bank 1.0476 6

Sterling Bank 1.0636 7

Access Bank 1.095 8

ECO Bank Transnational 1.1801 9

First Bank 1.335 10

Fidelity Bank 1.3486 11

FCMB 1.6284 12

UBA 1.6716 13

Diamond Bank 1.8687 14

Source: Financial Times

Company Analysis

Access Bank

Access Bank did not see rising volatility all week except for the bump on the second day of trade

Diamond Bank

After a jump on day two, volatility stayed flat all week

ECOBANK

Ecobank was flat from midweek after dealing with a midweek slump

FCMB

After a dip on day two, volatility rose to stay horizontal to last day of trade

Fidelity Bank

Rising with a kink on day two, volatility dipped to stay flat for rest of week

FBN Holdings

Volatility dipped on day two but trended upwards in steady motion for rest of week

GT Bank

Volatility started the week on a high, tempered on day two only to rise afterwards to end of week

Stanbic IBTC

Volatility jumped to stay high all week after a slump on day two

Sterling Bank

Volatility was subdued to the end of the week after a leap on day two

UBA

After a trough on day two, volatility stayed high and horizontal for the rest of the week

Union Bank

Volatility was horizontal to the last day of trade save for a jump on day two

Unity Bank

Volatility was high on day one but rolled down value on day two only to climb and stay high for rest of week

Wema Bank

Volatility sank on day two but trudged out to stay high for rest of week

Zenith Bank

After a high start on day one, volatility sank on but managed to come out to stay flat for rest of week

Independent BMIU

The post EcoBank Losing Steam On Ranking, Drops To 9th Spot appeared first on Financial Watch.



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