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Capital MarketCOVERNEWSLETTER

Stock Market: 8 Elite Companies In Control With N11trn

The Premium Board of the Nigerian Exchange Limited (NGX), otherwise known as elite issuers, account for 49.2 percent of the total equities market capitalization at the end of 2021 by eight companies.

The companies, which comprise some of the most capitalized stocks in the Exchange, documented 20.1 percent returns through the year.

The companies are Dangote Cement Plc, MTN Nigeria Communication Plc, Seplat Energy Plc, Lafarge Africa Plc, FBN Holdings Plc, Zenith Bank Plc, Access Bank Plc, and United Bank for Africa (UBA) Plc.

Explicitly, the companies account for N10.961 trillion of the N22.297 trillion equities capitalization, representing 49.2 percent of the equities market size during the period.

Analysis showed that Dangote Cement, the most capitalized stock in the market, accounted for the Premium Board’s total capitalization at N4.38 trillion, followed by MTN Communication Nigeria Plc, which accounted for the percent of the total equities’ capitalization at N4.01 trillion. (8.638 trillion).

According to the NGX, the listing segment are for the elite group of issuers that meet the Nigerian Exchange’s most stringent corporate governance and listing standards.

“The Board is a platform for showcasing companies that are industry leaders in their sectors.

“Premium Board features companies that adhere to international best practices on corporate governance and meet NGX’s highest standards of capitalization and liquidity.

“A Premium Board listing gives a company access to a global pool of investors who are focused on companies managed in conformity with the highest standards in their target markets,” NGX elucidated.

Others are Zenith Bank Plc (N789.62bn), FBN Holdings Plc (N409.21bn), Lafarge Africa Plc (N385.78bn), Seplat Energy (N382.49bn), Access Bank (N330.57bn), and UBA (N275.31bn).

About Author

Emmanuel Martins is a graduate of Mass Communication. He loves writing and reading. Emmanuel aspires to be a renowned author and publicist. Emmanuel can be reached via [email protected]

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