• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, July 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Airtel, MTNN, Dangote Cement Top Most Capitalised Stocks

…As Transcorp, Chams, others surpass 700% returns in 2023

by Olushola Bello
2 years ago
in Business
Airtel
Share on WhatsAppShare on FacebookShare on XTelegram

Listed Telecommunications giants led the pack of most capitalised stocks on the Nigerian Exchange Limited (NGX) in 2023.

Advertisement

Topmost on the list is Airtel Africa with listed stocks valuation at N7.09 trillion as of the end of 2023.

It was followed by MTN Nigeria (N5.54 trillion), and Dangote Cement (N5.45 trillion).

This is as Transport Hotels Plc, Chams Holding Company Plc and CWG Plc as the three companies topped the gainers chart on the NGX gaining over 700 per cent in capital appreciation in 2023

BUA Foods closed the year with N3.48 trillion in capitalisation, followed by its sister company BUA Cement (N3.28 trillion).

RELATED

At LEADERSHIP Twitter Spaces: AMCON Creates Moral Hazard For Banking Industry – Analysts

AMCON Sells 60% Stake In Ibadan DisCo For N100bn

2 hours ago
NADF Unveils Digital Tool To Track N19.5bn Agri-support Project

NADF Unveils Digital Tool To Track N19.5bn Agri-support Project

2 hours ago

Seplat Energy’s listed equities valuation was N1.36 trillion in 2023, Zenith Bank (N1.21 trillion), GT HoldCo (N1.19 trillion), and Geregu Power (N997.5billion).

Stanbic IBTC closed 2023 with a stock valuation of N902.5billion, UBA Plc (N877.2 billion), and Nestle Nigeria (N871.9 billion).

The NGX market concluded the year on a positive note, gaining 45.90 percent. This upswing is commonly referred to as the “post-inauguration rally,” CardinalStone Research analysts said in a recent note.

The analysts noted that the fourth quarter (Q4) 2023 recorded the highest quarterly return, surging by 12.60percent following positive earnings releases.

The second quarter (Q2) 2023 came in second, with an 11.1percent gain, aided by the exchange rate unification and subsidy removal announcement in May.

Transcorp Hotels posted the highest capital appreciation as the share price jumped from N6.25 in the beginning of 2023 to close at N70.18 on the last trading day of 2023, an increase of 1022.9 per cent. Its market capitalization rose to N718.8 billion at the last trading day of 2023.

Chams Holdings sustained its stellar performance in 2023 as the frontline financial technology company’s share price rose by 795.5 per cent from 24 kobo at the beginning of 2023 to close at N1.97.  Chams’ fundamentals are waxing stronger with a gross profit of N1.84 billion in nine months in 2023, a year-on-year growth of 181.3 per cent from the corresponding period in 2022.

In a recent media interview, the group managing director of Chams, Mrs Mayowa Olaniyan, attributed the performance to the gains from the on-going transformation in the entire group which comprises ChamsSwitch, ChamsAccess, CardCentre, and ChamsMobile, its subsidiaries.

The third best price gainer in the review period was CWG Plc. From 92 kobo at the start of 2023, the share price hit N3.96 per unit at the end of the trading day, an increase of 721.8 per cent.

Apart from being a leading provider of Information and Communication Technology (ICT) across West, Central and Eastern Africa, the company is also a leading cloud service provider that enables Africa’s SMEs to exploit cloud services for commerce and management.

Other companies that made the league of the top ten were: Transnational Corporation (Transcorp), 676.4 per cent; MRS Oil, 644.7 per cent; Northern Nigeria Flour Mills (NNFM), 639.8 per cent; Japaul Gold and Ventures, 507.1 per cent; Ikeja Hotels, 571.4 per cent; FTN Cocoa Processing, 410.3 per cent and Infinity Trust Mortgage Bank, 372.44 per cent.

Despite the headwinds that characterised the business environment in 2023, NGX All-Share Index, a measure of capital gains, was up by 45.9 per cent to close at an all-time high of 74, 773. 77 points while the market capitalization closed the year 2023 at N40.92 trillion.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

2024: MAN Predicts Tougher 6-month Outlook For Businesses

Next Post

NRM Harps On Rescuing Nigeria From Large-scale Poverty

Olushola Bello

Olushola Bello

You May Like

At LEADERSHIP Twitter Spaces: AMCON Creates Moral Hazard For Banking Industry – Analysts
Business

AMCON Sells 60% Stake In Ibadan DisCo For N100bn

2025/07/04
NADF Unveils Digital Tool To Track N19.5bn Agri-support Project
Business

NADF Unveils Digital Tool To Track N19.5bn Agri-support Project

2025/07/04
Business

FG Begins Vehicle Recycling Enforcement October, Eyes N60bn Annually

2025/07/04
Zenith Bank Emerges Most Sustainable Bank
Business

Zenith Bank Ranked Nigeria’s Top Tier 1 Bank

2025/07/04
GTCO, 7 Others Post N1.3trn Pre-tax Profit In Q1
Business

GTCO Raises $105m In Share Sale, To List On London Exchange

2025/07/04
Norrenberger Promotes Financial Literacy In Children
Business

Norrenberger Opens Regional Office In Kano

2025/07/04
Leadership Conference advertisement

LATEST

PICTORIAL: OPSH Troops Neutralise 1 Bandit, Arrest Gunrunner, Recover Weapons In Plateau

Miley Cyrus’s Video Of ‘Every Girl You’ve Ever Loved’ Features Supermodel Naomi

Korean Staged Cinema Production Raises Question Of How We Treat Elderly In Our Societies

The Chosen Season 6’ Is The Most Gruesome Filming Of The Series – Jenkins & Roumie

‘We Are Open To Music Collaboration Between Korea & Nigerian Artistes

KAPFEST 2025 Calls For Poetry Submissions

Writer Laments Proliferation Of Sham Arts Festivals By Inexperienced Creatives

Onuachu Receives Heroic Welcome At Trabzonspor

43 Countries, 937 Athletes, Officials To Compete At 3rd African U18/U20 Athletics Championships In Abeokuta

NNL Super 8: Barau FC Arrive In Asaba, Eye NPFL Ticket

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.