FCMB leads trading activity as investors focus on banking stocks

byLinda Patrick -
0

 By Grateful Ogunjebe

Banking stocks continued to dominate activity on the Nigerian Exchange (NGX), with FCMB Group Plc emerging as the most traded equity by both volume and value.



Data from the day’s trading showed that over 293.87 million units of FCMB shares were exchanged, accounting for a total trade value of approximately N23.03 billion.

This surge in trading placed FCMB firmly ahead of other active stocks, reflecting strong investor interest in the mid-tier lender.

Fidelity Bank Plc followed, recording a volume of 113.80 million shares, valued at N3.06 billion.

Access Holdings Plc trailed with 92.62 million units traded, generating N1.15 billion in value.

Other notable movers included Chams Holdings Plc, which posted 50.70 million shares traded at a value of N2.63 billion, while Zenith Bank Plc recorded N3.66 billion in value, despite its exact volume not being specified in the report.

The heightened activity in the banking sector comes amid renewed investor appetite and positioning ahead of potential interim dividend announcements by select lenders.

Analysts say the trend is likely to continue as investors rebalance portfolios in anticipation of earnings season disclosures.

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Linda Patrick

I love sports, technology, entertainment and traveling...I am a Master's degree holder in Political Science. I enjoy and love engaging myself in political activities in the society I live. It is good to be involved in the politics so that inferior people with inferior ideas don't take over the government in decision making and policies. I love reading and spreading general news and information.

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