Nigerian stock exchange: Oceanic Bank, UBA and Diamond Bank shares move northward

May 31st, 2007 Ogbuotobo Chuks || chuks@stockmarketnigeria.com

By Ogbuotobo Chuks

After about two months of being on technical suspension, the shares of Oceanic Bank Plc, UBA and Diamond Bank Plc were finally lifted from technical suspension on Friday, may 25, 2007.

These stocks even while on suspension were having high bids on the floor of the exchange as they all have indices, both fundamental and technical that will push up the price. Their prices were freezed at N36.99, N19.53 and N10.70 for UBA, oceanic bank and diamond bank respectively.

Barely three days after the lifting, their prices had increased to N12.37 for diamond bank, N22.59 for oceanic bank and N43.96 for UBA (prices as at may 31, 2007).also, these stocks are difficult to get as most investors know their intrinsic value.

What more can we say than sit back and see how far northward they travel.

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This entry was posted on Thursday, May 31st, 2007 at 3:47 pm and is filed under Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. Tags You can leave a response, or trackback from your own site.

Comments

3 Responses to “Nigerian stock exchange: Oceanic Bank, UBA and Diamond Bank shares move northward”

kemi2007 on June 1st, 2007 11:11 am

dear sir
when are they going to get access bank public offer please let me know the date as soon as is out
thanks
kazeem s
cj on June 7th, 2007 1:57 pm

Hello evry one,
We all hv to be careful when investing,people re losing money for not investing with fundamentals.
We shld stop investing with sentiments.
Anywaz,is Cutix paying 1 for 2 bonus?
Seyi on August 28th, 2008 4:49 pm

Hi Everyone,
Pls, I want to buy shares and I don’t know how to go about it. Could anybody pls put me through.
Thanks.