Prime Business Africa2025 has been an impressive period for mortgage banks in the Ngeran stock market, as their shares are among the most sought-after between January 2 and June 20.
According to Prime Business Africa’s analysis, the total market valuation of mortgage banks in the Nigerian bourse, which includes Infinity Trust Mortgage Bank, LivingTrust Mortgage Bank, and Abbey Mortgage Bank Plc, has increased by N44.46 billion year-to-date.
Join our WhatsApp ChannelThe three banks had a combined market capitalisation of N81.55 billion on January 2, however, as of June 20, their combined valuation has increased to N126.02 billion.
Best-Performing Mortgage Bank Stocks
Abbey Mortgage Bank
The shares of Abbey Mortgage Bank are the best performing among its peers in the stock market, as the shareholders of the company have seen their investment grow by 96.66 percent in the last five months and three weeks.
According to the analysis, shareholders of the bank have recorded a combined gain of N29.44 million so far this year, as stock market investors have been bullish on Abbey Mortgage Bank’s equities.
This reflected in the share price, which has appreciated by N2.9 kobo year-to-date, from N3 to N5.90 kobo, resulting in the company’s market valuation rising from N30.46 billion to N59.90 billion during the same period.
LivingTrust Mortgage Bank
LivingTrust Mortgage Bank followed closely with 55.25 percent appreciation in its shareholders’ investment, representing a combined gain of N12.10 billion in the last five months and three weeks.
The company was ranked the second best-performing stock in the bourse following a N2.42 kobo increase in the price of its share, which was sold at N4.38 kobo as of January 2, but went up to N6.80 kobo on June 20.
Following the gain recorded by the company’s shareholders, driven by a robust demand, the market valuation of LivingTrust Mortgage Bank rose from N21.9 billion to N34 billion.
Infinity Trust Mortgage Bank
Analysis showed that shareholders of Infinity Trust Mortgage Bank recorded a 10 percent growth in their investment between January 2 and June 20.
During the period, the shareholders recorded a combined gain of N2.91 billion, with the market valuation of Infinity Trust Mortgage Bank rising from N29.19 billion to N32.11 billion.
Prime Business Africa gathered that the increase was driven by the share price of the company’s shares, which rose marginally by N0.7 kobo, from N7 traded at the start of the year to N7.70 kobo on June 20.
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