Trading value in Zenith Bank Plc shares jumped by nearly 59 percent in two days to N4.12 billion on the Nigerian Exchange as activity in the tier-one lender increased.
Investors traded 33.78 million Zenith Bank shares worth N4.116 billion on October 22, 2026, compared with 21.01 million shares valued at N2.594 billion on October 20.
This represents an increase of approximately N1.52 billion or 58.7 percent in trading value over the two-day period.
Trading volume also increased substantially, rising by 12.77 million shares or 60.8 percent from the October 20 level.
The increased activity made Zenith Bank the most traded stock by value on October 22 and the second most actively traded equity by volume, behind Livestock Feeds.
Zenith Bank alone accounted for approximately 20.3 percent of the N20.32 billion total value of shares traded on the Nigerian Exchange during the session.
GTCO followed with 20.97 million shares worth N2.56 billion, while Livestock Feeds, which led trading by volume, recorded 40.97 million shares valued at N766.20 million.
The increase in Zenith Bank’s trading activity came during a period of weakness in the broader equities market.
The NGX All-Share Index declined from 245,911.13 points on October 20 to 244,956.94 points on October 22, representing a two-day decline of approximately 0.39 percent.
Equities market capitalisation also fell by approximately N620 billion from N159.668 trillion to N159.048 trillion over the period.
Overall market trading volume increased from 348.75 million shares on October 20 to 360.75 million shares on October 22, while transaction value declined 21.5 percent from N25.88 billion to N20.32 billion.
Zenith Bank therefore recorded a sharp increase in turnover despite the decline in overall market transaction value, with its share of total NGX trading value rising as investors concentrated activity in the banking stock.