Fidelity Bank Falls 6% to Rank Among NGX’s Biggest Losers

Fidelity Bank Plc came under renewed selling pressure on Monday after its share price declined 6 percent, making it one of the biggest losers on the Nigerian Exchange (NGX) despite continued investor interest in banking stocks.

The lender’s share price fell from N20.00 to N18.80, representing a loss of N1.20 per share during the trading session.

The decline placed Fidelity Bank among the day’s five worst-performing equities, alongside LOTUSHAL15, International Energy Insurance Plc, Neimeth International Pharmaceuticals Plc, and FGSUK2027S3.

The selloff occurred despite sustained activity in the banking sector.

Trading data showed that banking stocks remained among the market’s most actively traded equities. United Bank for Africa (UBA) recorded 89.63 million shares valued at N3.97 billion, while First HoldCo Plc led the market by transaction value with 61.71 million shares worth N7.90 billion.

Access Holdings Plc also featured among the most actively traded stocks after investors exchanged 33.91 million shares valued at N925.44 million.

Overall, the Nigerian Exchange closed lower with the NGX All-Share Index declining 0.11 percent to 239,085.17 points, while equity market capitalisation slipped to N154.40 trillion.

Fidelity Bank’s decline highlights the selective nature of trading in the banking sector, where investors continued to accumulate some financial stocks while taking profits in others.

The performance suggests that market participants are becoming increasingly stock-specific rather than adopting a broad-based approach to banking equities.