Zenith Bank Tops Banking Valuation Chart after Rallies
Market value of Zenith Bank Plc.’s 41.069 billion outstanding shares surged by about 8% to N4.569 trillion, following a rapid two-day rally that aligned with broader market direction.
This surge suggests that investors are taking profits ahead of 2025 dividend distributions.
The banking giant’s share price soared to a new high of N111.15 on the Nigerian stock market, up 8%, as investors traded 163.107 million shares worth N18 billion on the local exchange.
This buying activity boosted Zenith Bank’s valuation, allowing it to surpass GTCO, which had dominated the market in terms of value for years. Over the last seven trading sessions, Zenith Bank’s share price fluctuated between N93 and N111.15, reaching an intraday high of N113.13.
The market anticipates the release of the bank’s 2025 financial results to further boost momentum, with equity analysts raising their price targets. In expectation of the final dividend announcement, the banking stock is rated buy across the Broadstreet. Zenith Bank Hits 52-Week High, Market Cap Now N4.2trn
