Stanbic IBTC Holdings has jumped 17% on the Nigerian stock market so far in July, pushing its year-to-date return above 71%, likely supported by positive fundamentals around the company.
The stock, which opened the year at N58, is now priced just below N100, with over 155 million shares exchanged so far.
The recent uptick likely reflects reactions to strong Q1 2025 results, with Stanbic reporting a pretax profit of N116.4 billion, an 85.6% increase from the same period last year, alongside growing investor interest in the banking sector.
