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.
At the close of Wednesday’s trading on the local bourse, shares of Dangote Cement dropped 0.79 percent to N127.00 from N128.01 traded the past session, Zenith also declined by 5.22 percent to N12.90 from N13.61 per share posted the previous session. FBNH followed suit with a one (1) percent drop to N3.96 from N4.00 recorded the last session.
The premium board is the listing segment for the elite group of issuers that meet the Exchange’s most stringent corporate governance and listing standards. According to the NSE, it’s a platform for showcasing companies who are industry leaders in their sectors.
It also, features companies that adhere to international best practices on corporate governance and meet the Exchange’s highest standards of capitalisation and liquidity.
For the alternative securities market (ASeM), primary mortgage institution, Omoluabi Savings & Loans Plc, Capital Oil Plc and Juli Plc were listed as the three (3) most capitalised firms in that segment of the NSE.
The Exchanges monthly statistics shows that the Omoluabi with 50 kobo per share nominal value reported a market cap of N4.6 billion, while Capital Oil with a nominal value of 25 kobo posted a market cap of N2.93 billion and Juli Plc with a 50 kobo per share nominal value declaring a market cap of N349.83 million; all amounting to ASeM total of N8.61 billion in the review period.