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    Tuesday, June 9
    Analysis

    Zenith Bank Nears 52-Week High on Soft Rally

    Julius AlagbeBy Updated:No Comments2 Mins Read
    Zenith Bank Nears 52-Week High on Soft Rally

    Zenith Bank Nears 52-Week High on Soft Rally

    Zenith Bank Plc equities market activities bucked the trend on the Nigerian Exchange (NGX) platform, inching near its 52-week high. The bank share price increased to N50 in the local bourse on Monday, despite sell pressures witnessed across key indexes.

    During the trading session, Zenith Bank actually reached N51 but retreated due to depressed equities market investors’ sentiment. Trading activity on the bank stock was relatively heavy, driven by buy- and sell-side actors ahead of the first quarter earnings release and dividend payments.

    Data showed more than 55.428 million shares of Zenith Bank valued at N2.76 billion exchanged hands in the local bourse.  By this, Ticker: ZENITHBANK topped the value chart.   Zenith Bank had reached N52 briefly in 2025, its highest market price in 52 weeks. The Tier-1 lender is now worth N2.053 trillion in the stock market.

    At its scheduled annual general meeting on April 29, Zenith Bank planned to obtain the consent of shareholders to pay a final dividend of N4 per share, bringing the total profit distribution to N5 for the financial year 2024. #Zenith Bank Nears 52-Week High on Soft Rally

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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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