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    Friday, July 3

    Zenith Bank Hits New 12-Month High

    Julius AlagbeBy Updated: News No Comments1 Min Read
    Zenith Bank Hits New 12-Month High

    Zenith Bank Hits New 12-Month High

    Zenith Bank Plc’s market capitalisation surged sharply to a new 12-month high on the Nigerian Exchange (NGX) as investors increased bets in the local lender.

    The bank has seen a significant increase in trading volume, led by buy-side investors enhancing their portfolio holdings ahead of earnings release.

    Reflecting its sharp rally, Zenith Bank’s share price increased by 9.95% on the day on sizeable trading volume transacted, excluding blocked deals.

    Trading data from the Nigerian market indicated that Zenith Bank’s share price rose to N89.50 as 69.285 million units valued at N5.933 billion were transacted in the stock market.

    This share price traded at the highest valuation on record in the local bourse as pension money began to flow into stocks with fundamentals and upside potential.

    At the close of the trading session, investors now valued Zenith Bank Plc.’s 41.069 billion shares outstanding for N3.675 trillion, its highest valuation in 12 months. CBN Allots OMO Bills Expiring in 8 Days to Investors

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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