Last Updated: 23/10/2019
When it comes to investing in company stocks, high-priced stocks adds more weight to an investment portfolio. Even though the price of a stock is one of the key factors in deciding the value and prospects of stock in the Nigerian Stock Exchange, there are few other factors that should be considered before making a conclusion. Some of these factors include total turn over of the company over the year, average gains and loses. market cap and finally the trading volume of the stock.
Based on the factors mentioned above, in this article, we looked at 5 most valuable company stocks in the Nigerian Stock Exchange that could give more boost to your financial assets.
1. MTN Nigeria Communications Plc.
Share Price = ₦129
Market Cap = ₦2.63 trillion
MTN Nigeria Communications Plc. is part of the MTN Group, Africa’s leading cellular telecommunications company. The Company offers roaming, Internet, bills payment, device financing, data management, SIM registration, and other related services. MTN Nigeria Communications Plc was listed on the Nigerian Stock Exchange on the 16th of May, 2019 and it stocks trades for ₦129 each.
It may be a new kid on the block, but MTN Nigeria Communications Plc has become the most valuable company on the Nigerian stock exchange. Three months after listing, MTN Nigeria Communications Plc had a market capitalization of 2.63 trillion Naira as of October 2019. The mobile phone company has overtaken Dangote Cement Plc, owned by Africa’s richest man, Aliko Dangote.
2. Dangote Cement Plc.
Share Price = ₦143.9
Market Cap = ₦2.49 trillion
Dangote Cement Plc is a Nigerian multinational publicly traded cement manufacturer headquartered in Lagos. The company is engaged in the manufacture, preparation, import, packaging, and distribution of cement and related products in Nigeria as well as few other African countries.
Dangote Cement listed on the Nigerian Stock Exchange in October 2010 and as of August 13, 2014, it was accounting for 20% of the total market capitalization of the Nigerian Stock Exchange. As of the time this article was written, the shares of Dangote Cement Plc trades around ₦140 per stock.
3. Nestle Nigeria Plc.
Share Price = ₦1,220
Market Cap = ₦967.04 billion
Nestle Nigeria Plc is a publicly listed food and beverage specialty company headquartered in Lagos. The company stock is the most expensive stock in the Nigerian stock market with each stock trading at about ₦1,200 as of October 2019.
The company was founded in 1961 and was listed on the Nigerian Stock Exchange on the 20th of April, 1979 following an indigenization promotion decree. It is the third-largest after MTN Nigeria and Dangote Cement in terms of market capitalization. It’s headquartered in Lagos and has its main factory plant in Ogun State.
4. Guaranty Trust Bank Plc.
Share Price = ₦26.3
Market Cap = ₦768.15 billion
Guaranty Trust Bank Plc is also known as GTBank is a Nigerian multinational financial institution. Guaranty Trust Bank plc was incorporated as a limited liability company licensed to provide commercial and other banking services to the Nigerian public in 1990 and commenced operations in February 1991. In September 1996, Guaranty Trust Bank plc became a publicly quoted company.
As of today, Guaranty Trust Bank is the 4th largest in terms of market cap after MTN Nigeria, Dangote Cement, and Nestle Nigeria. Each stock of the company trades about ₦26 on the Nigerian stock market. GTBank has expanded to other countries including Cote d’Ivoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, UK, Tanzania, Kenya, and Rwanda.
5. Zenith Bank Plc.
Share Price = ₦17.25
Market Cap = ₦533.74 billion
Zenith Bank is a large financial service provider in Nigeria and Anglophone West Africa. Zenith Bank Plc has more than 500 branches and business offices in all states of the federation as well as subsidiaries in the United Kingdom, United Arab Emirates, Ghana, Sierra Leone, and The Gambia.
Zenith Bank was formally established in May 1990 and got listed on the Nigerian Stock Exchange on October 2004. The bank’s share on the Nigerian Stock Exchange (NSE) trades for around ₦17 each. The bank’s shares are traded on the London Stock Exchange (LSE) following a listing of the $850 million worth of its shares at $6.80 each, in 2013.
Disclaimer: Please study the companies carefully before investing in any of the stocks mentioned in the list here. A high stock price or market capitalization doesn’t guarantee a fundamentally strong company or a good investment.