The Nigerian Exchange (NGX) recorded N7.23 billion in block trades, with Zenith Bank Plc accounting for the largest share of the volume.
The concentration of large-ticket transactions in the banking sector underscores the continued preference of institutional investors for blue-chip financials amid broader market volatility.
In a separate development, Xenergi has launched a mandatory takeover bid for Premier Paints valued at N76 million.
The move follows recent share acquisitions that triggered the statutory obligation to make a public offer for the remaining shares.
This transaction highlights ongoing consolidation activity within Nigeria’s consumer goods and industrial sectors.
The block trade data comes as the NGX continues to see a rebound in trading activity.