Fidelity Bank Gains 6.3% as Investors Take Positions

Fidelity Bank Gains 6.3% as Investors Take Positions

Fidelity Bank Plc.’s market valuation climbed by 6.3% in on the Nigerian Exchange (NGX) as investors took positions as the market anticipates bumper Q4 earnings harvest.

The tier-1 challenger lender surged by 6.3%, trading data obtained from the Nigerian Exchange (NGX) revealed on Thursday. The gain in Fidelity Bank and others boosted the banking index by 64 basis points.

Fidelity Bank’s share price edged higher to N19.4 as about 9.5 million units valued at N179.392 million were traded in the local bourse.

Stockbrokers expect this momentum to remain, driven by the expectation of its earnings announcements and renewed interest from investors.

Fidelity Bank Plc has seen a successive uptrend as investor sentiment fires up, picking up momentum from intra week low of N18 per share. A slew of BroadStreet analysts anticipate an impressive Q4 earnings amidst strong 2026 guidance.

At the close of the trading session, the Nigerian stock market upgraded Fidelity Bank’s market value by 6.3% to N974.411 billion, with equity analysts projecting double-digit upside potential.

Naira Weakens Against US Dollar, Spot Rate Settles at N1,366