Fidelity Bank fuels stock market rebound as investors capitalize on Q1 earnings surge

Fidelity drives NGX early rally as investors swoop on bank stocks

By Iheanyi Nwachukwu After muted days of buy activities, Nigeria’s stock market recorded early rally on Friday as invested pounced

Fidelity Drives NGX Early Rally As Investors Swoop On Bank Stocks - Brand Spur

By Iheanyi Nwachukwu After muted days of buy activities, Nigeria’s stock market recorded early rally on Friday as invested pounced on the stocks of Fidelity Bank Plc.   As at 11am, the NGX All Share Index (ASI) was up by 0.19 percent to 109,385.94 points. Fidelity Bank was up to N18.60, after adding N1.255 (6.63 percent). After Thursday’s negative close, Vetiva analysts said in their post trading commentary that, “With market breadth weakening a…

Fidelity Bank fuels stock market rebound as investors capitalize on Q1 earnings surge

After a string of subdued trading sessions, Nigeria’s equities market showed signs of recovery on Friday, buoyed by renewed investor interest in Fidelity Bank Plc. As of 11:00 a.m., the Nigerian Exchange Limited (NGX) All Share Index (ASI) had risen by 0.19 percent, reaching 109,385.94 points. The rally was largely driven by a strong uptick in Fidelity Bank’s stock, which gained N1.255 or 6.63 percent to trade at N18.60. The sharp movement follo…

Fidelity Bank Drives NGX Early Rally As Investors Swoop On Bank Stocks

Fidelity Bank Drives NGX Early Rally As Investors Swoop On Bank Stocks by Iheanyi Nwachukwu After muted days of buy activities, Nigeria’s stock market recorded early rally on Friday as invested pounced on the stocks of Fidelity Bank Plc. As at 11am, the NGX All Share Index (ASI) was up by 0.19 percent to 109,385.94 points. Fidelity Bank was up to N18.60, after adding N1.255 (6.63 percent). After Thursday’s negative close, Vetiva analysts said in…

Fidelity Bank Emerges Fastest Growing Brand

Fidelity Bank Nigeria has emerged as the fastest-growing Nigerian brand as the lender’s value more than tripled, displacing Stanbic IBTC, a new report by Brand Finance, a London-based brand valuation consultancy revealed. The bank’s emergence highlights the lender’s expanding market influence and strong investor confidence as the financial institution continues to deliver value for its customers amid tough economic conditions. “Fidelity Bank’s b…