The Nigerian Exchange (NGX) Limited has recorded N318.52bn worth of listings across its equities, fixed income, mutual funds and derivatives categories in the
Capital market operators have renewed the call for relevant authorities to expedite action to list privatised companies on the Exchange, stating that the listing of 10 new companies on the Nigerian Exchange Limited.
Nigeria: Concerns, As 6 Companies Dominate Nigeria s Stock Market allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
As analysts point to dangers, proffer solutions
At the backdrop of the recent bullish (trend in the) stock market, just six companies listed on the Nigerian Stock Exchange, NSE, now account for 71 percent of the market size, while a set of 15 accounts for about 90 percent of the market.
The total number of companies on the NSE as at last weekend is 165 with 150 of them confined to the little fragments of the market.
The market capitalisation of the six dominating companies hit N13.722 trillion last weekend while the total market capitalization peaked at N19.236 trillion.
The NSE market capitalisation of the equities refers to the total value of the equities of all the 165 companies listed on the Exchange.