United Bank for Africa Plc emerged as the most actively traded stock on the Nigerian Exchange by volume on Tuesday as investors exchanged 48.14 million shares worth N2.12 billion.
UBA accounted for approximately 13.8 percent of the 348.75 million shares traded across the equities market during the session.
The lender finished well ahead of FCMB, which ranked second by volume with 30.12 million shares worth N328.31 million.
Zenith Bank followed with 21.01 million shares valued at N2.59 billion, while GTCO recorded 16.07 million shares worth N1.97 billion.
Dangote Sugar completed the five most actively traded stocks with 9.27 million shares valued at N619.03 million.
UBA’s 48.14 million shares were about 60 percent higher than FCMB’s volume, leaving a gap of more than 18 million shares between the two most actively traded stocks.
Banking equities dominated the activity chart, with UBA, FCMB, Zenith Bank and GTCO collectively recording approximately 115.33 million shares.
The four banks accounted for about 33.1 percent of total equity volume, meaning roughly one out of every three shares traded during the session came from the four banking stocks.
Their combined transaction value stood at approximately N7.01 billion, representing about 27.1 percent of the N25.88 billion recorded across the market.
UBA’s strong trading activity came as the broader Nigerian equities market returned to positive territory.
The NGX All-Share Index advanced 0.26 percent to 245,911.13 points, while investors traded 348.75 million shares worth N25.88 billion in 32,639 deals.
Equities market capitalisation closed at approximately N159.668 trillion.