Nigerian Exchange Limited
Investors Continue to Dump Money on Zenith Bank Stocks Despite Market Rout
Strong confidence in the future of Zenith Bank Plc, Nigeria’s leading financial institution, has continued to lure Nigerian investors to the stocks of the company.
Investors transacted 15,251,129.00 shares of Zenith Bank valued at N349,317,606.70 on Tuesday in spite of the company’s stock moderating from N22.95 a share on Monday to N22.9 on Tuesday.
On Monday, investors traded 15,943,969.00 shares worth N365,897,288.85. This represents a 400 percent jump from 3,344,288.00 shares traded on Friday 4th, June 2021 when the price was N23 a unit.
The Nigerian Exchange Limited has been on a downward trend in recent weeks as uncertainties and broad sell-off continue to dictate market direction. However, Zenith Bank and other top stocks remain attractive to investors looking to buy the dip.
The Exchange rebounded slightly on Tuesday, gained 0.50 percent or N102 billion to settle at N20.164 trillion market capitalisation.
See Zenith Bank Last Seven Days Trades
| Date | Price (Naira) | Volume |
|---|---|---|
| Jun-08-2021 | 22.9 | 15,251,129.00 |
| Jun-07-2021 | 22.95 | 15,943,969.00 |
| Jun-04-2021 | 23 | 3,344,288.00 |
| Jun-03-2021 | 23 | 27,505,951.00 |
| Jun-02-2021 | 22.95 | 5,276,248.00 |
| Jun-01-2021 | 22.85 | 20,475,242.00 |
| May-31-2021 | 23 | 20,927,180.00 |