Zenith Bank closes week on Up-tick of 2.3%

zenith-bank-logo2By InvestAdvocate

Lagos (INVESTADVOCATE)- Zenith Bank Plc Friday closed the week on the Up-tick picking up  2.3 percent (2.36%) on the back of sustained demand at the upper as it opened the week with N18.20 and closed at N18.63 levels.

The Financial Services sector was the most active during the week (measured by turnover volume) with 387.860 million shares worth N3.163 billion exchanged hands by investors in 4,454 deals Volume in the sector was largely driven by activity in the shares of UBA Plc, Zenith Bank Plc, FBN Holdings Plc and First City Monument Bank Plc.

Trading in the shares of the four Banks accounted for 202.626 million shares, representing 52.24% and 35.48% of the sector turnover and total turnover traded during the week respectively.

Zenith Bank according to Afrinvest Weekly Stock Market Update for December 28 2012 appeared third on the list of Top Traded Stock on the Bourse of the Nigerian Stock Exchange (NSE) as it closed at N18.63 with a volume of 56,177,527.00 units.

Click here to download Report by Afrinvest for December 28 2012

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