The continuous dominance of banking stocks in the list of top ten quoted companies from the extracts of financials based on Turnover, PAT, Fixed Assets and Net Assets reveals cannot be over-emphasized. The stocks made about 90% of the list as against more than 50% of the list in three (3) out of the four (4) tables in our previous report.
In the same vein, Dangote Cement Plc, the most capitalized stock on NSE also continued to dominate the list on three (3) out of four (4) parameters.
The Financial Services sector dominated the list with nine (9) stocks, closely followed by the Industrial Goods sector with 1 representation.
The financial services sector dominated the list with six (6) stocks as against seven (7) in 2019 from the banking sub-sector.
Downloadable PDF - The 2020 Nigerian Capital Market Report
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