LIVINGTRUST - LivingTrust Mortgage Bank
LivingTrust Mortgage Bank Plc, formerly Omoluabi Mortgage Bank Plc, is a primary mortgage institution that is regulated by the Other Financial Institutions Department of the Central Bank. The bank was put in place by the Government of Osun State to offer banking products, mortgage facilities, fund management, and treasury services. The company was incorporated on March 9, 1993 as Osun Building Society Limited and commenced operations on April 1, 1999. In 2014, LivingTrust listed its shares on the Alternative Securities Market (ASeM) of the Nigerian Stock Exchange (NSE); emerging the first company to do so.
In 2019, Cititrust Financial Services (CFS) Group Plc invested into LivingTrust Mortgage Bank and became the majority shareholder, setting the stage for the bank to be more competitive with a wider coverage in its service delivery. Current major shareholding blocks are held by the Osun State Government, 31 Local Governments in Osun State, and two major institutional investors.
LivingTrust Mortgage Bank is listed on the Nigerian Stock Exchange (NGX). LivingTrust is traded on the NGX under the ticker symbol “LIVINGTRUST”. The International Securities Identification Number (ISIN) of NGX:LIVINGTRUST is NGOMOMORBNK6. LivingTrust Mortgage Bank is currently the 62nd most valuable stock on the NGX with a market capitalization of NGN 13.5 billion, which is about 0.044% of the Nigerian Stock Exchange equity market.
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|Number of Deals||60|
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LIVINGTRUST Stock Market Performance
The current share price of LivingTrust Mortgage Bank (LIVINGTRUST) is NGN 2.69. LIVINGTRUST closed its last trading day (Friday, June 2, 2023) at 2.69 NGN per share on the Nigerian Stock Exchange (NGX). LivingTrust began the year with a share price of 1.60 NGN and has since gained 68.1% on that price valuation, ranking it 17th on the NGX in terms of year-to-date performance. Investors should, however, take caution of LIVINGTRUST’s recent bad performance, having lost 10% of its value in the past four weeks.
LivingTrust Mortgage Bank is the 12th most traded stock on the Nigerian Stock Exchange over the past three months (Feb 28 - Jun 2, 2023). LIVINGTRUST has traded a total volume of 345 million shares—in 311 deals—valued at NGN 1.04 billion over the period, with an average of 5.48 million traded shares per session. A volume high of 255 million was achieved on March 30th for the same period. The table below details the last 10 trading days of activity of LivingTrust Mortgage Bank on the Nigerian Stock Exchange.
Profile of LivingTrust Mortgage Bank Plc
LivingTrust Mortgage Bank Plc was founded on March 9, 1999 and operates in the Financials sector, specifically, the Financial Services industry.
Factsheet of LivingTrust Mortgage Bank Plc
- Financial Services
- Old Governor's Office, Gbongan Road, Osogbo, Osun State, Nigeria
LIVINGTRUST Industrial Market Competitors
LivingTrust Mortgage Bank Plc, issuers of the LIVINGTRUST stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Financial Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
|RESORTSAL||Resort Savings & Loans||2.27B||0.20|
|INTENEGINS||International Energy Insurance||1.54B||1.20||+216%|
|SUNUASSUR||Sunu Assurances Nigeria Plc||2.79B||0.48||+65.5%|
|MANSARD||AXA Mansard Insurance||28.7B||3.19||+59.5%|
|ACCESSCORP||Access Holdings Plc||441B||12.40||+45.9%|
|JAIZBANK||Jaiz Bank Plc||44.9B||1.30||+41.3%|
|CORNERST||Cornerstone Insurance Company||15.1B||0.83||+38.3%|
|FIDELITYBK||Fidelity Bank Plc||170B||5.85||+34.5%|