Trading activities on the Nigerian Exchange Limited (NGX) last week were dominated by five key equities, led by First City Monument Bank (FCMB), Japaul Gold, Zenith Bank, Fidelity Bank, and UPDC, which together accounted for a significant share of total market transactions by volume and value.
News.ng reports that FCMB Plc emerged as the most actively traded stock for the week, recording a total volume of 118.65 million shares exchanged in transactions valued at approximately ₦13.16 billion. The strong investor interest reflects sustained market confidence in the banking stock amid ongoing sector repositioning and earnings expectations.
Japaul Gold followed closely in second position, with 63.58 million shares traded, amounting to a market value of about ₦1.39 billion. The stock continues to attract speculative and retail investor participation, driven largely by its affordability and volatile price movements.
Zenith Bank ranked third on the list, posting a traded volume of 39.05 million shares with a significantly higher transaction value of roughly ₦25.18 billion. The strong value performance underscores Zenith Bank’s status as one of the most capitalised and fundamentally strong stocks on the NGX, attracting heavy institutional interest.
Fidelity Bank also featured prominently among the top performers, with 33.76 million shares exchanged, valued at about ₦6.41 billion. The bank’s steady inclusion among the most traded equities highlights ongoing investor confidence in its growth strategy and financial positioning.
Rounding off the top five is UPDC Plc, which recorded a trading volume of 24.16 million shares at a value of approximately ₦1.17 billion. The renewed activity in UPDC reflects growing speculative interest in real estate-linked stocks amid expectations of sector recovery.
Overall, the concentration of trading around banking and property stocks signals sustained investor appetite for fundamentally strong financial institutions, alongside selective interest in low-priced equities. Market analysts note that these trading patterns mirror cautious optimism as investors continue to balance risk with value opportunities in the current economic climate.
Last week’s trading pattern suggests selective accumulation rather than broad-based buying, with investors showing a strong preference for fundamentally sound banking stocks and a few speculative industrial names.
While short-term volatility may persist, sustained liquidity in the top-tier equities points to underlying bullish resilience in the NGX.
Investors are therefore advised to remain selective, risk-aware, and fundamentally driven as the market navigates the new week.
