Fidelity Bank is trading at NGN 21.00, -8.70%, amid renewed profit-taking across banking shares.
- For the week ended October 9, the Banking Index fell 2.64%, while Fidelity Bank fell 10.64%.
- October 12 reporting described profit-taking across banking shares, including Fidelity Bank, as a source of market pressure.
- An October 13 report noted Q1 gross earnings growth but did not establish it as the cause of this price move.