Guaranty Trust Holding Company (NGX: GTCO) Plc has crossed N1trillion market capitalization, joining Zenith Bank Plc and other companies with more than one trillion market value on the Nigerian Exchange.
Zenith Bank reached the milestone on 14 June after the share price jumped to N33.80.
On Tuesday, Guaranty Trust Holding Company made the leap into the group as its share price rose 5.2% to close at N34.4 per share, giving it a market capitalization of N1.01 trillion
GTCO in now the second financial service firm to join the group after Zenith Bank which currently has a market value of N1.07 trillion.
The current group of listed companies worth over one trillion naira includes:
- MTN Nigeria: N5.44 trillion (share price: N267.2)
- Dangote Cement: N4.9 trillion (share price: N287.5)
- Airtel Africa: N4.74 trillion (Share price: N1260)
- BUA Cement: N3.12 trillion (Share price: N92.25)
- BUA Foods: N2.44 trillion (Share price: N135.75)
- Zenith Bank: N1.07 trillion (Share price: N34)
- Guaranty Trust Holding Company: (Share price:
Market capitalization of referred to as market cap is the total market value of listed company as determined by its share price and outstanding share. During acquisition of a company, the market cap is usually used to determine if the company represents a good offer for the acquirer.
Investors use market cap to determine the risk level of investments. Companies with large market cap is perceived as safer investment opportunity.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
