Zenith Bank Sees Gain on Huge Trading Volume
With significant trading volume, Zenith Bank Plc closed positively on Thursday as investors continue to eye the 2025 earnings release and dividends to drive a significant re-rating.
Market value of the Zenith Bank Plc.’s 41.069 billion outstanding shares increased to N3.825 trillion, ranking as the second most valuable financial stock in the Nigerian bourse.
Trading data from the Nigerian Exchange (NGX) showed that Zenith Bank’s share price rose to N93.15 on Thursday, as 27.483 million shares valued at N2.558 billion were traded.
The bank is trading at a moderate discount to its highest valuation score in the Nigerian market over the last 12 months. At the 52-week high, the Zenith Bank share price was priced at N94.
A slew of equity analysts tracked by MarketForces Africa continue to predict double-digit upside potential at the current reference price. As one of the banking industry drivers, Zenith Bank is expected to boost its earnings following its successful recapitalisation.
The market awaits the earnings release to drive the next wave of momentum, which is expected to boost the financial services company’s market capitalisation above N4 trillion. CBN Reduces Interest Rate on 364-Day Treasury Bills
