Jaiz Bank In Sell Pressures As Exchange Sees 67% Rise 

 The Nigerian Stock Exchange displayed positive trading activity today, with significant gains in turnover and trading volume. Investor confidence appears robust, particularly in certain stocks like Fidelity and Zenith Bank, while others like JAIZBANK show signs of selling pressure.

On the first day of the month, 888,796,122 shares were traded across 8,803 deals, resulting in a market turnover of N15,841,257,099.98. This is a 67 per cent increase in trading volume and a 79 per cent rise in turnover compared to the previous trading day, although the number of deals decreased by 3 per cent. The current market capitalisation stands at N59.1 trillion.

Fidelity emerged as one of the most actively traded stocks, with a significant increase of over 500 million shares. It recorded a modest price gain of  0.70 per cent, closing at  N14.40 on a volume of  540,820,582, compared to 15,643,499 shares traded yesterday at  N14.30.

JAIZBANK faced challenges throughout the week, closing with 68,724,077 shares traded at N2.25, down from yesterday’s 46,010,624 shares at N2.36. This represents a 4.66% decline in price, even as trading volume increased.

CHAMS continued its upward trajectory, closing today at N2.08, a  0.97% increase from yesterday’s price of N2.06, despite a slight decrease in trading volume to 49,392,654 shares.

Zenith Bank experienced a notable increase in both share price and trading volume as 40,713,728  shares were traded, an increase from the 1,028,219 shares Thursday. The share price rose by N1.30, representing a 3.26 per cent increase from the previous day.