GTBank, NB, Nestle, emerge three most capitalised in NSE’s primary equities market



GUARANTY Trust Bank Plc, Nigerian Breweries Plc and Nestle Nigeria Plc have emerged the top three most capitalised firms on the Nigerian Stock Exchange, NSE, primary equities market as at January 31, 2016.
Monthly statistics made available by the NSE shows that the three (3) companies with 50 kobo per share nominal value each have per share current values of N100.01 for Nigerian Breweries, N739.99 for Nestle and N16.79 for GTBank.
Out of a total of 176 firms accounting for N5.49 trillion market capitalisation on the NSE’s primary equities market, Nigerian Breweries, Nestle and GTBank reported market caps of N793 billion, N586.56 billion and N494.15 billion respectively; amounting to N1.87 trillion in the review period.
Shares of Nigerian Breweries and GTBank at the close of today’s session on the Nigerian bourse declined 4.27 percent (N95.25) and 5.13 percent (N15.54) respectively; while Nestle remained unchanged at N740 per share.
On the premium board, cement manufacturer and most capitalised company on the Nigerian bourse, Dangote Cement Plc, Zenith Bank Plc and FBN Holdings Plc were listed as the top three (3) most capitalised stocks on the NSE’s premium board as at January 31, 2016.
Like the top three (3) named in the primary market, Dangote Cement, Zenith and FBNH has 50 kobo per share nominal value, while their current values stands at N128.91, N12.61 and N3.91 per share respectively.
Dangote posted a market cap of N2.2 trillion, Zenith N396 billion and FBNH N141.06 billion amounting to premium total of N2.72 trillion out of the NSE’s total of N8.23 trillion in the period under review.

 

 Check the Nigerian Pilot for the full story.

 

 

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