MTNN Grows Market CAP By N753bn Since Listing; DANGCEM Still The Most Capitalized Stock


Thursday, August 22, 2019   /01:35PM / By Proshare Research


A quick review of the top five (5) most capitalized stocks listed on the NSE reflected that DANGCEM is still the most capitalized with N2.83trn Market CAP as at August 21st, 2019. 

MTNN followed as the second most capitalized stock with N2.77trn Market CAP while AIRTELAFRI is third with a Market CAP of N1.22trn. NESTLE and GUARANTY made the list to complete the top five. 

As expected, the contribution of DANGCEM to the total NSE Market CAP is 21.26% while MTNN contribution is at 20.8%. AIRTELAFRI, NESTLE and GUARANTY contribute far less compared to the first two most capitalized with 9.14%, 7.15% and 5.86% contribution recorded respectively as at the period under review. 

MTNN which got listed on the Exchange on the 16th of May 2019 remained the only company among the top five to have recorded growth in its Market CAP between when it was listed and 21st of August 2019. The remaining four recorded decline in Market CAP between May 16th, 2019 and August 21, 2019. 

MTNN grew its Market CAP by N753.12bn while AIRTELAFRI which got listed on July 09, 2019 recorded N284bn drop in Market CAP.


Table 1: Analysis On Top Five Most Capitalized Stocks’ Growth/Decline In CAP

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Table 2: Top Five Most Capitalized Stocks By Contribution

Proshare Nigeria Pvt. Ltd.

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