United Bank for Africa Plc emerged as the most actively traded stock on the Nigerian Exchange on Thursday after investors exchanged 36.37 million shares worth N1.56 billion.
The banking stock accounted for approximately 12.7 percent of the 286.76 million shares traded across the equities market during the session.
UBA’s emergence at the top of the volume chart displaced Access Holdings, which dominated trading a day earlier with 99.37 million shares worth N2.75 billion.
Trading activity in UBA also increased from the previous session, when investors exchanged 11.74 million shares worth N504.70 million.
This means UBA’s trading volume more than tripled, rising by approximately 210 percent from Wednesday, while the value of shares exchanged increased by about 210 percent to N1.56 billion.
GTCO ranked second by volume among the five most actively traded stocks with 19.04 million shares worth N2.44 billion. Despite trailing UBA in volume, GTCO recorded the highest transaction value among the group.
Access Holdings followed with 16.98 million shares valued at N482.63 million, a sharp decline from the 99.37 million shares recorded in the previous session.
VFD Group traded 14.26 million shares worth N200.14 million, while Zenith Bank recorded 12.34 million shares valued at N1.58 billion.
The four banking stocks — UBA, GTCO, Access Holdings and Zenith Bank — collectively accounted for approximately 84.72 million shares, representing about 29.5 percent of total market volume.
Their combined transaction value stood at about N6.06 billion, equivalent to approximately 39.6 percent of the N15.31 billion traded across the equities market.
UBA’s strong activity came during a relatively subdued session for the broader market, with total trading value falling 46.4 percent from N28.59 billion on Wednesday to N15.31 billion.
The NGX All-Share Index nevertheless edged 0.01 percent higher to 247,707.13 points, extending the market’s recovery for a second consecutive session.
