FirstRand (OTCMKTS:FANDF) Stock Jumps 11.8% – Here’s Why

FirstRand Limited (OTCMKTS:FANDF – Get Free Report)’s share price shot up 11.8% during trading on Thursday. The stock traded as high as $5.83 and last traded at $5.83. 105 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,324 shares. The stock had previously closed at $5.2126.

FirstRand Stock Up 11.8%

The stock’s 50 day moving average is $5.61 and its 200 day moving average is $5.59.

About FirstRand

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FirstRand Limited is a South African financial services group headquartered in Johannesburg. The company provides banking, lending, investment, insurance and related financial services through a portfolio of specialized businesses and brands.

Its principal businesses include First National Bank (FNB), which offers retail, commercial and business banking, payments and digital financial services; Rand Merchant Bank (RMB), which provides corporate and investment banking, advisory, financing and markets services; and WesBank, which specializes in vehicle and asset finance.

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