
At the end of Q3 2024, Dangote Cement, Airtel Africa, and BUA Foods emerged as the top three most valuable companies in Nigeria by market capitalization, collectively accounting for 43% of the total equities market capitalization.
1M | 3M | YTD | 1Y | 2Y |
+7.52% | +13.82% | +16.58% | +20.72% | +99.63% |
Value Traded (Mln NGN) 12,782.01 | Volume 625,780,637 |
Transactions 21,803 | Market Cap. (Bln NGN) 75,936.01 |
At the end of Q3 2024, Dangote Cement, Airtel Africa, and BUA Foods emerged as the top three most valuable companies in Nigeria by market capitalization, collectively accounting for 43% of the total equities market capitalization.
Nigeria has successfully launched its first-ever domestic dollar-denominated bond, seeing over $900 million in subscriptions.
As the Nigerian stock market navigates a period of volatility, as reflected in the decline of the NGX All-Share Index (ASI) from a 40% gain in Q1 to 34% in the first half and further down to 29% as of August 2024, dividend income a key component of total return requires close attention from investors.
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