11 Blue-chip Firms Dominate NGX With 75.9% of N165.114tn Market Cap.
The 11 companies are: Dangote Cement Plc, Airtel Africa Plc, MTN Nigeria Communications Plc, Seplat Energy Plc, BUA Cement plc, and BUA Foods Plc.
Zenith Bank Plc, and Guaranty Trust Holdings Plc (GTCO).
The 11 companies cut across cement, oil and gas, information technology, banking, and agro-allied sectors.
THISDAY analysis of market data tracking the performance of NGX large-cap stocks showed that the 11 companies have added N58.9 trillion in market capitalisation in 10 months of 2026 from N66.37 trillion December 2025 driving the stock market to a new milestone of N165.114 trillion capitalisation as of October 30, 2026. Market analysts attributed the rally to improving investor confidence, macroeconomic reforms and stronger corporate performance. Analyst at Globalview Capital Limited, Mr. Aruna Kebira, attributed the stock market’s performance to improving macroeconomic conditions, rising crude oil prices, the Monetary Policy Committee’s significant interest-rate cut, and Nigeria’s restoration to frontier-market status by FTSE Russell.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with THISDAY.