Nigerian Banks’ Market Capitalisation Reaches ₦7.90 Trillion
Detailed Breakdown
As of Monday, January 13, 2025, the combined market capitalisation of 11 Nigerian banks reached an impressive ₦7.90 trillion. This follows trading activity on the Nigerian Exchange (NGX), with some banks experiencing growth while others recorded slight declines.
Top Performers and Market Highlights
• Zenith Bank PLC:
• Market Capitalisation: ₦1.47 trillion
• Share Price: ₦46.85
• Performance: Gained 1.85%, leading the banking sector.
• Guaranty Trust Holding Company PLC (GTCO):
• Market Capitalisation: ₦1.71 trillion
• Share Price: ₦58.00
• Performance: Slight decline of 0.09%.
• United Bank for Africa (UBA) PLC:
• Market Capitalisation: ₦1.16 trillion
• Share Price: ₦34.00
• Performance: Dropped 0.58%.
Other Major Banks
• FBN Holdings PLC:
• Market Capitalisation: ₦1.02 trillion
• Share Price: ₦28.50
• Performance: Declined by 5.63%, the highest dip in the sector.
• Access Holdings PLC:
• Market Capitalisation: ₦869.08 billion
• Share Price: ₦24.45
• Performance: Declined by 0.20%.
• Ecobank Transnational Incorporated:
• Market Capitalisation: ₦557.83 billion
• Share Price: ₦30.40
• Fidelity Bank PLC:
• Market Capitalisation: ₦560.21 billion
• Share Price: ₦17.50
• Performance: Dropped 0.29%.
Notable Small-Cap Performances
• Jaiz Bank PLC:
• Market Capitalisation: ₦131.54 billion
• Share Price: ₦2.95
• Performance: Gained 1.72%.
• Sterling Financial Holdings PLC:
• Market Capitalisation: ₦166.98 billion
• Share Price: ₦5.80
• Performance: Increased by 0.52%, signaling positive growth.
• Unity Bank PLC:
• Market Capitalisation: ₦17.65 billion
• Share Price: ₦1.51
• Wema Bank PLC:
• Market Capitalisation: ₦235.73 billion
• Share Price: ₦11.00
Sector Growth
Comparatively, the Nigerian banking sector has grown since December 2024, when eight banks collectively recorded a market capitalisation of ₦7.20 trillion. This reflects an upward movement of ₦109.10 billion within the sector.
Market Outlook
The current data highlights the resilience of the Nigerian banking sector, with positive performances from key players such as Zenith Bank and Jaiz Bank, despite fluctuations in the broader market.
This news underscores the sector’s role as a cornerstone of the Nigerian stock market, with investors actively monitoring trends to capitalize on emerging opportunities.
Detailed Breakdown
As of Monday, January 13, 2025, the combined market capitalisation of 11 Nigerian banks reached an impressive ₦7.90 trillion. This follows trading activity on the Nigerian Exchange (NGX), with some banks experiencing growth while others recorded slight declines.
Top Performers and Market Highlights
• Zenith Bank PLC:
• Market Capitalisation: ₦1.47 trillion
• Share Price: ₦46.85
• Performance: Gained 1.85%, leading the banking sector.
• Guaranty Trust Holding Company PLC (GTCO):
• Market Capitalisation: ₦1.71 trillion
• Share Price: ₦58.00
• Performance: Slight decline of 0.09%.
• United Bank for Africa (UBA) PLC:
• Market Capitalisation: ₦1.16 trillion
• Share Price: ₦34.00
• Performance: Dropped 0.58%.
Other Major Banks
• FBN Holdings PLC:
• Market Capitalisation: ₦1.02 trillion
• Share Price: ₦28.50
• Performance: Declined by 5.63%, the highest dip in the sector.
• Access Holdings PLC:
• Market Capitalisation: ₦869.08 billion
• Share Price: ₦24.45
• Performance: Declined by 0.20%.
• Ecobank Transnational Incorporated:
• Market Capitalisation: ₦557.83 billion
• Share Price: ₦30.40
• Fidelity Bank PLC:
• Market Capitalisation: ₦560.21 billion
• Share Price: ₦17.50
• Performance: Dropped 0.29%.
Notable Small-Cap Performances
• Jaiz Bank PLC:
• Market Capitalisation: ₦131.54 billion
• Share Price: ₦2.95
• Performance: Gained 1.72%.
• Sterling Financial Holdings PLC:
• Market Capitalisation: ₦166.98 billion
• Share Price: ₦5.80
• Performance: Increased by 0.52%, signaling positive growth.
• Unity Bank PLC:
• Market Capitalisation: ₦17.65 billion
• Share Price: ₦1.51
• Wema Bank PLC:
• Market Capitalisation: ₦235.73 billion
• Share Price: ₦11.00
Sector Growth
Comparatively, the Nigerian banking sector has grown since December 2024, when eight banks collectively recorded a market capitalisation of ₦7.20 trillion. This reflects an upward movement of ₦109.10 billion within the sector.
Market Outlook
The current data highlights the resilience of the Nigerian banking sector, with positive performances from key players such as Zenith Bank and Jaiz Bank, despite fluctuations in the broader market.
This news underscores the sector’s role as a cornerstone of the Nigerian stock market, with investors actively monitoring trends to capitalize on emerging opportunities.