Fidelity Bank Flatlines at N1trn after Close Period
Fidelity Bank Plc has maintained its grip on N1 trillion market value in the equities market over the past seven trading sessions following the declaration of a close period for connected persons, including its managing director.
The Tier-2 lender share price continues to buck the trend in the stock market, trading at N20 for seven trading sessions amidst swings. The banking stock, which is trading at a moderate discount to its 52-week high, had peaked at N21.5 on improved trading activities.
Its 50.212 billion shares outstanding on the Nigerian Exchange attracted N1.009 trillion in market value on Wednesday ahead of the second quarter earnings release, up by 0.5% at the close of the midweek trading session.
In June, Fidelity Bank told the Nigerian Exchange Limited its board is scheduled to meet on Thursday, August 7, 2025, to consider and approve the audited financial statements for the half-year period ending June 30, 2025.
The bank said upon approval, the audited financial statements will be submitted to the Central Bank of Nigeria for regulatory approval before publication on the trading floor of the exchange.
Management said insiders have been informed that the trading window for dealing in the company’s shares will remain closed to them and their connected persons from July 1, 2025, until twenty-four hours after publication of its audited financial statements for H1 2025. #Fidelity Bank Flatlines at N1trn after Close Period Nigeria Customs Seizes Undeclared N653.9m at Kano Airport
