FDH Bank Plc extended its rally on market today, soaring 11.82% to MK239.02, pushing its market capitalization to MK1.65 trillion. This surge sees FDHB surpass Standard Bank Malawi (MK1.62 trillion) and FMBCH (MK1.36 trillion) in valuation positioning itself as the second most valuable bank on the bourse.
This latest gain follows a 2.95% rise on Tuesday and strong upward momentum from last week, where the stock climbed 15.00% and 10.52% on consecutive days. The rapid bullish run, has raised valuation concerns, with analysts questioning whether FDHB’s market cap accurately reflects its fundamentals.
“If FDHB is worth MK1.65 trillion, does it make sense for Standard Bank to be valued lower at MK1.62 trillion? Or could we see Standard joining National Bank in the MK2 trillion club soon?” some market observers speculate.
With FDHB’s bullish run, investors will be watching closely to see if Standard bank and other financial heavyweights respond to the shifting valuation landscape.
