Eight companies listed on the Premium Board of the Nigerian Exchange Limited (NGX), otherwise known as elite issuers, account for 49.2 percent of the total equities market capitalization at the end of 2021.
The companies, which also comprise some of the most capitalized stocks in the Exchange, recorded 20.1 percent returns during the year.
The companies are Dangote Cement Plc, MTN Nigeria Communication Plc, Seplat Energy Plc, Lafarge Africa Plc, FBN Holdings Plc, Zenith Bank Plc, Access Bank Plc and United bank for Africa (UBA) Plc.
Specifically, the companies account for N10.961 trillion of the N22.297 trillion equities capitalization, representing 49.2 percent of the equities market size during the period.
