INVESTING IN STOCK MARKET: Fidelity Bank’s Offer Sparks Increase
Oru Leonard
In a stunning display of investor confidence, Fidelity Bank Plc’s capital raising efforts have sent shockwaves through the Nigerian stock market. The bank’s ongoing rights and public offers have ignited a frenzy of activity, with investors clamoring to get in on the action.
As the market’s most active stock, Fidelity Bank has outperformed the entire banking sector and the overall market, leaving analysts and competitors alike in awe. A staggering 1.73 billion shares, worth a whopping N18.27 billion, changed hands in a mere 1,579 deals, cementing Fidelity Bank’s position atop the activities chart.
The bank’s dominance was undeniable, accounting for a staggering 51% and 35% of total volume and value traded during the week. As the Nigerian Exchange (NGX) reported a total turnover of 3.39 billion shares, Fidelity Bank’s performance stood out as a testament to its strength and allure.
Investors, eager to capitalize on the bank’s growth potential, have been scrambling to secure shares, driving up demand and solidifying Fidelity Bank’s position as a market leader.
