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Fidelity Bank Leads With Highest Traded Volume of Over 600 Million Shares in NGX

Published:

Fidelity Bank Plc | Lagos

Fidelity Bank ranks as the most traded stock in the Nigerian Exchange market today, June 11.

The bank recorded a turnover volume of 605.257 million shares.

Moreover, the stock gained by about 6.52% and closed at N9.80.

Fidelity Bank’s stock has grown more and been traded more actively following the announcement of its public offering and rights issue program.

Impressively, the bank’s stock became the top-traded stock for the week ended on June 7, 2024.

Also, it recorded a turnover volume of about 229.613 million shares over the past week.

On a broader scale, the NGX saw an increase of 0.53% to close at 99,793.71.

Also, the ALL-Share Index (ASI) is gradually tilting toward the 100,000 threshold.

Moreover, the market cap closed at N56.452 trillion, while equities rose by N324 billion.

Further, overall market activity surged by 22%.

Meanwhile, the number of deals grew to 8,657 from 7,106 in the previous trading session.

Additionally, trading volume saw a whopping 148% increase, while the turnover volume rose to 963.541 shares from 388.016 million shares last Friday.

Fidelity Bank and Others Drive NGX’s Bullish Performance

Besides Fidelity Bank, other banks reflected impressive performance that drove the overall NGX’s bullish outlook.

Access Holdings saw a 9.8% increase in its stock as its market cap increased by N60.4 billion.

Also, Access Holdings followed closely after Fidelity Bank in terms of turnover volume with 93.067 million shares.

UBA took third place with a turnover volume of about 58.726 million shares.

Moreover, it gained 2.86% for the day.

FMN emerged as the top gainer for the day, with about 10% gain, closing at N41.80.

Similarly, TotalEnergies rose by 9.98%, and Veritas Kapital Assurance gained by 9.52%.

Also, Chams Holding Company and Julius Berger increased by 9.74% and 9.15% respectively.

Conversely, eTransact International emerged as the top loser in the stock market with a 9.90% decrease.

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