Oceanic Bank Rated Best African Stock
October 30th, 2006 Ogbuotobo Chuks || chuks@stockmarketnigeria.com
Ogbuotobo Chuks
Oceanic Bank Plc was recently rated best African stock by Reuters, according to Nex Rubica data.
Reuters is known to be a global information company that provides information tailored and suited for professionals in the financial sectors and corporate markets allover the world. The bank, which is recognized as the fastest growing bank presently Nigeria led four other companies across the African continent on the weekly table of the five best and five worst performing stocks in Africa.
The other four companies that fall within the category of good performing stocks include- Mauritius Commercial Bank, EFG- Hermes Holding Company, Maroc Telecom and Commercial International Bank.
The stock of Oceanic Bank has continued to tickle the fancies of investors on the floor of the Nigerian Stock Exchange(NSE) as its value is on the steady increase. The value of the stock has also risen significantly, as it hovers between N14.00 and N15.00 as against an opening value of N5.60 at the beginning of 2006. The bank is currently the fifth largest bank in Nigeria, and it is anticipated that the value of its shares will hit N20.00 before the end of 2006.
Reuters publishes such data for the benefit of existing and prospective investors.
(No Ratings Yet)
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