Bankia shares lost the half their value after 10 months in stock
Bankia shares have lost half of its value since its IPO in July last year, mainly because of concerns aroused, following the resignation of Rodrigo Rato and the entrance to the state capital.
According to market data consulted, at 11.40 Bankia securities worth EUR 1.876, compared with 3.75 euros which began trading on July 20, 2011.
This represents a loss of 9.42% in the session, the biggest drop of IBEX and the continuum.
Rodrigo Rato’s resignation as president on Monday of last week and wake up alarms on the status of the entity, which soared on Wednesday as the new president, Jose Ignacio Goirigolzarri, proposed to the State Financial Bank nacionalization Savings (BFA ) Bankia matrix.
So, last week, the entity lost in the stock market by 15.6% of its value, that is, its capitalization was reduced by 766 million euros in five trading days.
The collapse of today has more to do with the new provisions required by the Government for not troubled real estate assets in financial reform adopted on Friday.
According to information provided yesterday, Bankia is the entity that more money will have to bring in additional provisions, 4.722 million euros, rising to 4.813 million by adding the 91 required to its parent, BFA.
Until 11.40 pm and 2.98 million were traded securities Bankia, worth 5.8 million euros.
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