Fidelity Bank’s Shares Remained Attractive for Second Consecutive Day, Transaction Volume Surged by 50 Percent

Investors are not holding back on Fidelity Bank as the volume traded on the company’s shares rose by 49.7 percent or 13,973,482 from 28,094,407.00 shares traded on Monday to 42,067,889.00 on Tuesday.

This was a significant surge when compared to the 4,902,214.00 shares traded on June 28, 2021 or the 7,970,506.00 shares traded on July 1, 2021.

Investors King first highlighted the increase on Monday and suggested the possibility of insider dealings given the lender’s recent disclosures.

Also, this may be pointing to a healthy first-half report as insiders are generally in the know on company matters, therefore, may be positioning for an improvement in the lender’s outlook and positive future

The Nigerian Exchange Limited gained N104 billion on Tuesday to cross the N20 trillion market value mark.

Traders transacted 288,926,082 shares worth N2.419 billion in 4,540 transactions during the trading hours of Tuesday, against 282,624,981 shares worth N1.869 billion traded in 4,788 transactions on  Monday.

Fidelity Bank led the most traded equities with 42,067,889.00 shares valued at N96,624,547.61.