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Zenith, two others contribute 51% to stock market value
Zenith Bank Plc, Access Bank Plc and FBN Holdings Plc contributed 51.66 per cent and 51.85 per cent to the total equity turnover volume and value, respectively at the end of trading on the Nigerian Stock Exchange last week.
Trading in the three equities accounted for 557.380 million shares (when measured by volume) worth N9.434bn in 3,231 deals, according to the NSE weekly market report.The Nigerian equities market sustained a bullish performance last week as investors bought into market bellwethers ― Nestlé Nigeria Plc, Seplat Petroleum Development Company Plc and Nigerian Breweries Plc.
A total turnover of 1.079 billion shares worth N18.196bn in 14,372 deals was traded last week by investors on the floor of the Exchange in contrast to a total of 1.267 billion shares valued at N20.346bn that exchanged hands in 15,088 deals the previous week.
The NSE All-Share Index increased by 0.2 per cent week-on-week from 32,124.94 basis points on November 2 to 32,200.21bps on November 9.
Consequently, the year-to-date loss moderated at -15.8 per cent, while the market capitalisation increased by N55bn from N11.700tn on November 5 to reach N11.755tn on November 9.
Activity level, however, declined as the average volume and value traded fell by 14.8 per cent and 10.6 per cent, respectively, to 215.8m units and N3.6bn.
Zenith Bank (N7.33bn), Guaranty Trust Bank Plc (N2.37bn), Nestlé (N2.13bn), Access Bank (N891m), and FBN Holdings Plc (N713m) were the most active stocks for the week by value, and Zenith Bank (307.5 million), Access (110.8 million), FBNH (96.2 million), GTB (63.1 million) and FCMB (43.5 million) were the most active stocks by volume.
Performances across sectors were bearish, as three of five indices closed negative week-on-week.
The financial services industry (measured by volume) led the activity chart with 909.849 million shares valued at N12.765bn traded in 7,822 deals, thus contributing 84.32 per cent and 70.15 per cent to the total equity turnover volume and value, respectivelyThe consumer goods industry followed with 52.651 million shares worth N3.342bn in 2,876 deals, while the third place was occupied by the oil and gas industry with a turnover of 36.318 million shares worth N674.243m in 1,324 deals.
The consumer goods and oil and gas indices rose by 1.6 per cent and 1.3 per cent, respectively w-o-w, following investors’ interest in Nestlé, Guinness Nigeria Plc, Dangote Flour Mills Plc, and Seplat.
Investor sentiment as measured by market breadth (advancers/decliners ratio) strengthened to 0.7x from 0.3x in the previous week, as 25 stocks advanced against 38 stocks that declined.
The best-performing stocks were UAC of Nigeria Plc, NPF Microfinance Bank Plc, and Presco Plc, while Mutual Benefits Assurance Plc, Flour Mills of Nigeria Plc and Lafarge Africa Plc were among the worst performers.
Analysts at Afrinvest Securities Limited said despite the mild uptick in performance last week, evidenced by improvement in market breadth, they believed overall market sentiment would remain weak this week due to a general lack of drivers to sustain the market in the positive region.
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ZENITHBANKPARTNERSLAWMA,LASWATOCOMMEMORATEWORLDENVIRONMENT DAY 2026 WITH TWO-PHASE LAGOS CLEAN-UP
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Much more than commemorating the annual Children’s Day marked every May 27, Zenith Bank Plc is championing thenarrativethatchildrenarethetrueleadersoftomorrow.TheBankhasdeepeneditsinvestmentincarefullycuratedinitiativesthatelevatechildrenacrosseducation,financialliteracy,health,digitalinclusion,andsocialprotection,building a generation equipped to thrive and lead. For Zenith Bank, every child matters, and the Bank’s footprint reflectsa deliberate, pan-African strategy to nurture potential from the earliest age.Zenith Bank has been the financial institution partner to Kiddies Corner on Inspiration 92.3FM Lagos for over threeyears, anchoring the Tuesday edition and Zenith Financial Literacy Friday show. The programme blends spelling beecontestswithfinancialliteracyquestions,creatingawarenessandonboardingchildrenintotheZenithChildren’sAccount (ZECA). This partnership came alive at the Inspiration FM Children’s Day Carnival on Saturday, May 23, 2026,whereZenithBankhostedover1,000childrenandtheirparents,celebratingZECAwinnerswithgames,skits,andZenith Bank branded gifts.The Bank’s Zenith Financial Literacy Week, held quarterly, takes this mission into select schools across all 36 statesandtheFCT.Studentsaretrainedonsavings,budgeting,basicinvestments,anditsretailproducts,withthetopperformer in each school awarded N50,000. Complementing this is the Bank’s nationwide Financial Literacy ProgramundertheCBN-mandatedGlobalMoneyWeek,whichin2025alonereached3,622studentsacross22LGAs,deploying 137 bank employee volunteers as educators.In alignment with the United Nation’s (UN) Sustainable Development Goal (SDG) 4 on Quality Education, Zenith Bankhasdonatedstate-of-the-artICTcentresandcomputersystemstoschoolsanduniversitiesnationwide,includingaComputerCentretoBamainaAcademy,Dutse,JigawaState.Itstransformativeinterventionsincludefullyequippedlibraries,vocationalfacilities,andlarge-scaleschoolrenovations,fromOjotaSecondarySchoolandVictoriaIslandSecondary School in Lagos to Hugallawa Primary School in Jigawa. Targeted financial support further breaks barrierswith N1 million cash donation to Louisville Girls High School, Ijebu-Itele, supporting girl-child education; infrastructureupgrades at Maryland Comprehensive Secondary School; a N1 million scholarship endowment for St. Francis CatholicSecondary School; and support for the North-East Children’s Fund to aid education in conflict-affected communities.Through its Primary Healthcare Centre Initiative across all 774 LGAs, Zenith Bank educates parents on early childhoodsavings during routine visits, linking health and financial well-being. The “PAD-A-QUEEN” Initiative commemorates theInternational Day of the Girl Child, reaching5,000 girls in 10 schools withsanitary pads, hygiene kits, and menstrualhealth education to keep girls in school and promote SDGs 3, 4, and 5.The Bank’s compassion extends to the most vulnerable. At Bethesda Home and School for the Blind, Idi Oro, Lagos,Zenith donatedbraille materials,food, and toiletries.For the2026 InternationalDay forStreet Children,it partneredwithBosco Child Protection Centre on medical check-ups, food, clothing, and counseling. Annual Christmas Charity Visits toorphanagesdelivercash,toys,andessentialsupplies,whilesupportfortheSmileandShineChildrenFoundation’sStrive Conference empowers over 2,000 adolescents with life skills and leadership training.Commenting on the Bank’s intentionality towards the development of children, Dame Dr. Adaora Umeoji, OON, GroupManaging Director/CEO, ZenithBank Plc, said, “AtZenith Bank, weare deliberate about initiativesthat elevate childrenbecausetheyarenotjustourfuture,theyareourpresentresponsibility.AsWhitneyHoustonsopoignantlysang,‘Ibelievethechildrenarethefuture,teachthemwellandletthemleadtheway.’Thatisthephilosophydrivingourinvestmentsineducation,financialliteracy,health,anddigitalinclusion.FromKiddiesCornertoICTcentres,fromPHCs to orphanages, we are teaching them well, equipping them early, and giving them the tools to lead. Zenith Bankrenews its commitment to every Nigerian child, to nurture their dreams, protect their dignity, and secure their tomorrow.”Championing youth expression, the Zenith Annual Youth Parade, hosted by the Bank for 19 years, stands as a flagshipCorporate Social Responsibilityinitiative. Bringing togetherthousands of childrenand teenagers in avibrant showcaseof unity and discipline, the parade has remained dedicated since inception to the vital mission of supporting, nurturing, -
andempoweringtheNigerianchild,reinforcingtheBank’sbeliefthatleadershipislearnedearlythroughteamwork,confidence, and celebration of young Nigerian identity.ForZenithBank,Children’sDayismorethanadateonthecalendar.Itisadailypledgetoempower,protect,andprepareNigeria’schildrenforleadership.Fromclassroomstocommunities, the Bank’s initiatives are teaching them welland letting them lead the way because the future belongs to children who are equipped today.
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