Twenty-four companies have emerged as the most valuable stocks on the Nigerian Exchange Limited (NGX) year-to-date (YtD) as of August 17, 2026.
They account for 74.8 percent of the total market capitalisation of the equities market.
The Vanguard reported that the 24 companies, drawn largely from the banking, consumer goods, industrial goods and energy sectors, have a combined market capitalisation of N117.01 trillion, underscoring the high concentration of value among a relatively small number of companies on the NGX.
The market capitalisation of the NGX has risen by N57.141 trillion, or 57.5 per cent YtD, to N156.517 trillion from N99.376 trillion at the close of trading on December 31, 2025.
The sharp increase in market value reflects the strong rally recorded by several large-cap stocks, although analysts said the concentration of market value in a few companies also means that movements in these stocks could have a disproportionate impact on the overall market index.
The 24 companies include nine banks, six consumer goods companies, three industrial goods companies, three energy companies, one consumer services company and one telecommunications company.
A review of the top-valued stocks showed Dangote Cement Plc overtaking MTN Nigeria Plc to emerge as the most capitalised company.
The 24 companies include nine banks, six consumer goods companies, three industrial goods companies, three energy companies, one consumer services company and one telecommunications company.
The companies are Dangote Cement Plc, MTN Nigeria Plc, BUA Foods Plc, BUA Cement Plc, Aradel Holdings Plc, First Holdco Plc, HBM Nigeria Plc, Zenith Bank Plc, GTCO Plc, Stanbic IBTC Holdings Plc, Transcorp Hotels Plc, Presco Plc, Nestle Nigeria Plc, Nigerian Breweries Plc, Geregu Power Plc, United Bank for Africa (UBA) Plc, International Breweries Plc, Transcorp Power Plc, Access Holdings Plc, Fidelity Bank Plc, Okomu Oil Palm Plc, Ecobank Transnational Incorporated and Wema Bank Plc.
