Zenith Bank is the latest company to join the exclusive group of stocks worth over one trillion (SWOOTs) as market capitalization crossed N1 trillion during the week.
Gatekeepers News reports that th;;-e stocks in this category are now Airtel Africa, MTN Nigeria, Dangote Cement, BUA Foods, BUA Cement, and Zenith Bank.
Its share price appreciated by 3.23% from last week to close at N32 per share taking its market capitalization above a trillion to close at N1.004 trillion.
At the close of market activities for the week, the combined market capitalization of SWOOTs is now valued at N21.560 trillion from N20.617 trillion the previous week.
Shares of BUA Cement, Dangote Cement, and Zenith Bank all gained, Airtel and MTN both closed negative while BUA Foods remained unchanged from last week.
SWOOTs make up 66.7% of the entire NGX Equity market capitalization as such influence the direction and performance of the stock market.
The NGX All-Share Index and Market Capitalization appreciated by 0.34% to close the week at 59,206.63 and N32.237 trillion respectively.
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