Zenith Bank Plc dominated trading by value on the Nigerian Exchange Limited (NGX) on Monday after investors exchanged 27.98 million shares worth N3.63 billion.
Although Access Holdings recorded the highest trading volume among the most active equities, Zenith Bank attracted substantially more transaction value during the session.
Zenith’s N3.633 billion turnover represented approximately 18.3 percent of the N19.87 billion traded across the entire equities market on Monday.
This means almost N1 out of every N5 traded on the NGX during the session passed through Zenith Bank shares, underscoring the concentration of market value in the lender.
Access Holdings led by volume with 33.28 million shares worth N955.99 million, followed by Zenith Bank’s 27.98 million shares.
Jaiz Bank recorded 27.61 million shares valued at N211.39 million, while Regency Alliance Insurance posted 27.15 million shares worth N22.66 million.
FCMB completed the five most actively traded equities with 26.22 million shares valued at N288.54 million.
Combined, the five stocks accounted for approximately 142.24 million shares, representing about 35.1 percent of the 405.39 million shares traded across the market during the session.
Banking stocks were particularly prominent with four of the five most active equities by volume — Access Holdings, Zenith Bank, Jaiz Bank and FCMB — coming from the banking industry.
Their combined volume stood at approximately 115.09 million shares, further highlighting the industry’s dominance of Monday’s trading activity.
Overall, investors exchanged 405.39 million shares worth N19.87 billion across 52,977 deals.
The increased activity came as the broader market remained under pressure with the NGX All-Share Index declining 0.25 percent to 247,736.24 points from 248,363.55 points recorded in the previous session.
Equity market capitalisation also closed lower at N160.853 trillion.
While Access Holdings attracted the largest number of shares traded among the most active stocks, Zenith Bank stood out in monetary terms with its N3.63 billion turnover accounting for nearly one-fifth of the total value traded on the NGX on Monday.