Nov 7 (Lagos) - Stock price of Sterling Bank Plc ( STERLNBANK
) hit a new one year low price to day of 79 kobo per unit.
The stock has been in a free fall since the past year when the banks was involved along with some other banks in corruption allegations related to its top management from EFCC.
The bank also carried out an image makeover over the past year which includes their branches getting some modern art type design on its branch entrances. While the make over may have helped the bank to display a new design but it adds little to their ability to make more money for their shareholders.
And the shareholders will be wondering if the free fall in the stock price is close to coming to an end or will be drive the stock even lower.
reporting for easykobo.com on Monday, November 7 2016 from Lagos, Nigeria
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