Access, FBN Holdings join trillion-naira club as stocks extend winning streak
Access Holdings Plc and FBN Holdings Plc have become the newest members of the club of firms that boast at least N1 trillion in market value.
The membership of the club has risen by three so far this year including the United Bank for Africa Plc, whose market capitalisation crossed the N1 trillion mark on Monday.
Access Holdings, the parent company of Access Bank, saw its valuation rise to N1.06 trillion on Monday from N973.94 million, while that of FBNH, the holding company of the country’s oldest lender FirstBank, increased to N1.03 trillion from N933.28 million, data from the Nigerian Exchange Limited show.
The other members are Airtel Africa (N7.52), MTN Nigeria Communications (N6.19 trillion), Dangote Cement (N5.74 trillion), BUA Foods (N3.74 trillion), BUA Cement (N3.45 trillion), Guaranty Trust Holding Company (N1.42 trillion), Seplat Energy (N1.36 trillion) and Zenith Bank (N1.49 trillion).
Stanbic IBTC Holdings became the first midsize bank to join the club in September last year but its stay was shortlived.
