Banking Stocks Boost Financial Sector to ₦9.49 Trillion Market Capitalization
The financial services sector on the Nigerian Exchange (NGX) reached a total market capitalization of ₦9.49 trillion, driven by strong performances from key banking stocks. Leading the charge were Guaranty Trust Holding Company Plc (GTCO), Zenith Bank Plc, and Access Holdings Plc.
Top Performers in the Financial Sector
• Guaranty Trust Holding Company Plc (GTCO)
• Market Cap: ₦2.07 trillion
• Share Price: ₦60.50 per share
• Ranking: Most valuable financial institution on NGX
• Zenith Bank Plc
• Market Cap: ₦1.96 trillion
• Share Price: ₦47.75 per share
• Growth: +0.42% increase
• Access Holdings Plc
• Market Cap: ₦1.24 trillion
• Share Price: ₦23.20 per share
• Performance: -0.64% decline
• United Bank for Africa (UBA)
• Market Cap: ₦1.21 trillion
• Share Price: ₦35.50 per share
• Performance: -2.61% decline
• First Bank Holdings Plc
• Market Cap: ₦1 trillion
• Share Price: ₦27.90 per share
• Performance: -2.28% decline
• Fidelity Bank Plc
• Market Cap: ₦843.57 billion
• Share Price: ₦16.80 per share
• Growth: +1.19% increase
Other Notable Banking Stocks
• Ecobank Transnational Incorporated – ₦532.14 billion market cap (₦29.00 per share)
• Sterling Financial Holdings Company Plc – ₦241.38 billion market cap (₦5.31 per share, down 0.19%)
• Jaiz Bank Plc – ₦150.71 billion market cap (₦3.38 per share, up 3.05%)
• Wema Bank Plc – ₦220.73 billion market cap (₦10.30 per share, down 4.19%)
• Unity Bank Plc – Maintained a market cap of ₦17.65 billion with no trading activity recorded.
Banking Stocks Continue to Dominate NGX
The banking sector has maintained its dominance on the NGX, with FBN Holdings Plc emerging as the best-performing tier-one bank stock, recording a 17.65% year-to-date appreciation.
Investors continue to focus on the financial sector, reflecting strong confidence in Nigerian banks despite recent price fluctuations.
The financial services sector on the Nigerian Exchange (NGX) reached a total market capitalization of ₦9.49 trillion, driven by strong performances from key banking stocks. Leading the charge were Guaranty Trust Holding Company Plc (GTCO), Zenith Bank Plc, and Access Holdings Plc.
Top Performers in the Financial Sector
• Guaranty Trust Holding Company Plc (GTCO)
• Market Cap: ₦2.07 trillion
• Share Price: ₦60.50 per share
• Ranking: Most valuable financial institution on NGX
• Zenith Bank Plc
• Market Cap: ₦1.96 trillion
• Share Price: ₦47.75 per share
• Growth: +0.42% increase
• Access Holdings Plc
• Market Cap: ₦1.24 trillion
• Share Price: ₦23.20 per share
• Performance: -0.64% decline
• United Bank for Africa (UBA)
• Market Cap: ₦1.21 trillion
• Share Price: ₦35.50 per share
• Performance: -2.61% decline
• First Bank Holdings Plc
• Market Cap: ₦1 trillion
• Share Price: ₦27.90 per share
• Performance: -2.28% decline
• Fidelity Bank Plc
• Market Cap: ₦843.57 billion
• Share Price: ₦16.80 per share
• Growth: +1.19% increase
Other Notable Banking Stocks
• Ecobank Transnational Incorporated – ₦532.14 billion market cap (₦29.00 per share)
• Sterling Financial Holdings Company Plc – ₦241.38 billion market cap (₦5.31 per share, down 0.19%)
• Jaiz Bank Plc – ₦150.71 billion market cap (₦3.38 per share, up 3.05%)
• Wema Bank Plc – ₦220.73 billion market cap (₦10.30 per share, down 4.19%)
• Unity Bank Plc – Maintained a market cap of ₦17.65 billion with no trading activity recorded.
Banking Stocks Continue to Dominate NGX
The banking sector has maintained its dominance on the NGX, with FBN Holdings Plc emerging as the best-performing tier-one bank stock, recording a 17.65% year-to-date appreciation.
Investors continue to focus on the financial sector, reflecting strong confidence in Nigerian banks despite recent price fluctuations.