Concerns, as 6 companies dominate Nigeria's stock market -
As analysts point to dangers, proffer solutions At the backdrop of the recent bullish (trend in the) stock market, just six companies listed on the Nigerian Stock Exchange, NSE, now account for 71 percent of the market size, while a set of 15 accounts for about 90 percent of the market. The total number of companies on the NSE as at last weekend is 165 with 150 of them confined to the little fragments of the market. The market capitalisation of the six dominating companies hit N13.722 trillion last weekend while the total market capitalization peaked at N19.236 trillion. The NSE market c...
Source: vanguardngr.com