FTSE: Market Value of Six Firms Increase to N60.97tn in One Week
Kayode Tokede The market capitalisation of Dangote Cement Plc and five others that joined the FTSE Frontier 50 Index recently, increased to N60.97 trillion just last week amid high demand
The market value of six Nigerian companies surged to N60.97 trillion within a single week upon their inclusion in the FTSE Frontier 50 Index, according to a report by The Nation. These firms - Dangote Cement Plc, Aradel Holding Plc, FirstHoldCo Plc, Guaranty Trust Holding Company (GTCO) Plc, MTN Nigeria Communications Plc, and Zenith Bank Plc - collectively saw a 0.88% increase in market capitalization from N60.44 trillion to N60.97 trillion between September 18, 2026 and September 25, 2026.
Notably, MTN Nigeria Communications experienced the steepest decline of 3.03% to N863 per share, while FirstHoldCo saw a 2.13% drop to N156.6 per share. Aradel Holdings' market capitalization fell to N6.65 trillion from N6.73 trillion, following a 1.29% drop in its share price. Conversely, GTCO gained 5.38% to N5.54 trillion, and Zenith Bank rose 5.06% to N5.54 trillion as of September 25, 2026.
Dangote Cement's market value grew by 1.59% to N1,066.70 per share, reaching N17.99 trillion. This surge in value underscores the heightened investor interest in large-cap Nigerian companies following Nigeria's reinstatement to the Frontier Market status by the Central Bank of Nigeria.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
