Lagos - Foreign investors are rushing to cash in on the impressive performance of Nigerian banks, especially Zenith Bank Plc and Guaranty Trust Bank Plc by snapping large volumes of their shares, reports Business World.
The scramble for banks’ shares from the foreign investors, especially those from South East Asia, has led to an increase in trading in their shares on the floor of the Nigerian Stock Exchange (NSE) in recent days.
Trading in the shares of the two banks accounted for about 75 percent of the N10.22 billion transaction recorded on the floor of the NSE between May 21 and May 23.
Similarly, the banks also recorded a substantial improvement in their share prices.
Read more at Business World.
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