Fidelity Bank Plc dominated trading on the Nigerian Exchange (NGX) on Thursday, accounting for over one-third of the total shares traded as investors exchanged 335.20 million units of the lender’s stock. The transactions were valued at approximately N6.91 billion, making Fidelity Bank the most actively traded equity by volume during the session. This significant activity represented about 34.3 percent of the 978.29 million shares traded across the equities market that day, meaning nearly every third share traded on the NGX was Fidelity Bank stock.
The bank’s trading volume far outpaced other top stocks on the exchange. VFD Group came in second with 122.06 million shares worth N1.40 billion, followed by Transnational Corporation with 65.94 million shares valued at N2.44 billion. Access Holdings recorded 43.72 million shares worth N1.33 billion, while Chams Holding Company traded 42.60 million shares valued at N139.90 million. Together, these five equities accounted for 609.51 million shares, or roughly 62.3 percent of the day’s total market volume.
Notably, Fidelity Bank alone traded more shares than the combined volumes of VFD Group, Transcorp, Access Holdings, and Chams. Those four companies collectively recorded 274.31 million shares—about 60.89 million fewer than Fidelity Bank’s 335.20 million. This underscores the bank’s outsized influence on market dynamics during the session.
Despite the heavy trading in Fidelity Bank, overall market volume on the NGX declined by approximately 38.5 percent from Wednesday’s unusually high 1.59 billion shares to 978.29 million shares on Thursday. However, the value of transactions rose by 9.5 percent, increasing from N45.82 billion to N50.16 billion. The number of deals also dipped slightly, falling from 49,836 to 48,558.
Market performance remained positive, with the NGX All-Share Index rising 0.38 percent to close at 252,150.01 points from 251,191.02 points the previous day. Equity market capitalisation grew by about N623 billion, reaching N163.68 trillion from N163.06 trillion. Fidelity Bank’s dominant trading presence highlights its central role in shaping daily market trends, even amid broader fluctuations in volume and activity.
As investors continue to focus on financial sector stocks, Fidelity Bank’s sustained trading momentum may signal growing confidence in the banking sector’s resilience and recovery trajectory.
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