On Monday, March 3, the Nigerian stock market recorded an increase. The listing of additional shares in Fidelity Bank Plc increased market capitalization by 94 billion naira

The listing of additional shares in Fidelity Bank Plc follows the completion of the bank's hybrid offering, which included a rights issue and a public offering that both & has been oversubscribed. According to the information, 18.2 billion ordinary shares of 50 kobo each were listed in total on the official daily NGX list, resulting from the hybrid offer recently completed by the bank. This evolution contributed to the overall performance of the market, with the All-Share Index falling slightly by 0.34%, closing at 107,455.13

In terms of market activity, 308.1 million shares valued at 7.23 billion naira were traded in 15,474 transactions, representing a 33% decrease in volume and 49% in turnover compared to the day and the previous negotiation.