Fidelity Bank emerged as the clear market driver at the Nigerian Exchange (NGX) on Tuesday, accounting for the bulk of trading activity with 793.04 million shares worth ₦15.88 billion.
The lender’s performance significantly boosted overall market turnover, which closed at ₦29.82 billion on a day that saw investors exchange 1.24 billion shares across 27,982 deals. At the end of the trading exercise, investors exchanged 1.24 billion shares in 27,982 deals, representing a market turnover of ₦29.82 billion.
The strong showing by Fidelity Bank helped lift total market activity by 223 per cent in volume and 157 per cent in value compared to the previous trading session. Consequently, the NGX market capitalisation settled at ₦90.4 trillion.
in the gainers’ chart, UPDC led the rally, rising 9.98 per cent to close at ₦6.61. It was followed by Enamelware, which appreciated 9.97 per cent to ₦38.60, while Eterna advanced 9.95 per cent to ₦33.70. Aradel gained ₦55.00 to settle at ₦615.00, up 9.82 per cent, while TIP rounded off the top five with a 9.77 per cent lift to ₦14.60.
Conversely, Union Dicon topped the losers’ list, shedding 10 per cent to close at ₦8.10. Champion Breweries declined 7.09 per cent to ₦13.75, while Royalex fell 5.96 per cent to ₦2.05. Wema Bank lost 5.56 per cent to close at ₦17.00, and Custodian slipped 5.12 per cent to ₦40.80.
NCR followed with 66.77 million shares valued at ₦1.07 billion, while Zenith Bank accounted for 49.41 million units worth ₦3.42 billion. Sterling Bank and FCMB also featured prominently, trading 28.29 million and 25.34 million shares valued at ₦220.55 million and ₦269.88 million, respectively.
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