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FCMB Group Plc (NGX: FCMB) | Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024

FCMB Group Plc is a financial services company listed on the Nigerian Stock Exchange (NGX). FCMB Group Plc provides

FCMB Group Plc offers products and services for the commercial, corporate and institutional sectors with its core portfolio focused on investment banking, asset management, commercial banking, corporate banking, personal banking, institutional banking and treasury and financial markets. FCMB Group Plc also offers services for stockbroking, trusteeships, micro-lending and asset and cash management.

 

Overview of FCMB Group Plc

Today, FCMB Group Plc’s portfolio of products and services are diversified in more sectors of the financial value chain and include the following: financial services including micro-lending, asset management, stock-broking, trusteeship and custodial services, foreign exchange, personal banking, corporate and commercial banking, investment banking and transaction banking products delivering cash, trade and liquidity management solutions to entities.

The history of FCMB Group Plc goes back to 1977 when it was founded, and it listed on 1 January 2004.

FCMB Group Plc has its head offices at Marina Plaza, 44 Marina Plaza, Lagos Island, Nigeria and renders its services in areas like Nigeria and Europe.

The current CEO of FCMB Group Plc is Ladipupo O. Balogun.

FCMB Group Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol FCMB.

FCMB Group Plc forms part of the Reginal Banks Industry and the Financials Sector of the Nigerian Stock Exchange (NGX).

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FCMB Group Plc Logo

FCMB Group Plc Stock Performance

The current price, at the time of writing, for FCMB Group Plc stocks on the Nigerian Stock Exchange (NGX) is 3.15 Nigerian Naira (NGN).

An analysis of financial data of FCMB Group Plc showed that the company has a total market capitalisation of 62.4 Billion NGN, with a Price/Earning ratio of 35.00 and earnings per share of 0.09 NGN. A total of 19.8 Billion shares were outstanding.

FCMB Group Plc showed improved profits for the second quarter of 2021, which ended in June and its bank interest income was 39,641.63 million, up from 33,028.87 million at the end of March.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell FCMB Group Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of FCMB Group Plc, analysts forecast further improved performance for the financial sector with market share growing as trading volumes increase.

AskTraders-Nigerian-Stocks-FCMB-Group-Shares

Highlights of FCMB Group Plc

FCMB Group Plc started the  financial year (2021) with a share price of 3.33 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has lost 5.41 % in value on its price valuation, ranking 119th on the NGX with its year-to-date performance.

FCMB Group Plc is currently the 23rd most-traded stock on the NGX and it has experienced a total trading volume of more than 207 million shares, which were finalised in 2,694 deals and were valued at a total of 632 million Nigerian Naira (NGN) over the recent three month period from July to October 2021, with an average of 3.28 million shares in each trading session.

During the same period a volume high of 17.7 million was achieved on 2 August and a low of 66,453 on 29 September.

How to buy FCMB Group Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade FCMB Group Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “FCMB”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.