MTN Nigeria, Airtel Africa, Chams Plc lead NSE’s Top Listed ICT Stocks

0
20

The Information and Communications Technology (ICT) sector of the economy is one of the fastest-growing sectors of the economy not just in Nigeria alone but also in the World. This sector has made a lot of breakthroughs lately including the broadways expansions, launching of 5Gs’ Networks amongst others.

With the listing of top tiers ICT stocks such as MTN Nigeria, Airtel Africa, the sector has not only boosted the Nigerian Stock Exchange’s Equity Capitalization but it’s also one of the investors’ top havens.

Financial Metrics Nigeria compiled the list of the top nine most capitalized listed ICT stocks on the Nigerian stock market. Nine ICT companies are listed on the Nigerian stock market These are ranked according to their Market Capitalization. They are;

MTN Nigeria Communications Plc: MTN Nigeria Communications Plc is the most capitalized Information and Communications Technology (ICT) sector-based listed stock on the Nigeria Stock Exchange (NSE). The stock is also the second overall most capitalized listed stock on the NSE behind Dangote Cement Plc only.

MTN Nigeria Communications Plc is listed on the revered NSE’s Premium Board. The group has an Equity Capitalization of N2.18 trillion as of Tuesday 24th December 2019.

Dangote Cement, MTN Nigeria, Airtel Africa, and Nestle Nigeria are the only listed companies on the Nigerian stock market that has market capitalization worth trillions of Naira. They are valued at N2.39 trillion, N2.18 trillion, N1.12 trillion, and N1.03 trillion respectively.

MTN Nigeria trading symbol on the Nation’s local bourse market is MTNN. The company has the value of an outstanding share of 20.35 billion. The group’s shares price is currently trading atN105.00. MTN Nigeria was incorporated as a Limited Liability Company on November 8th, 2000 and listed on the Nigerian Stock Exchange on May 16th, 2019.

Airtel Africa Plc: Airtel Africa shares price is currently trading at N298.9 per share unit. The group has a Market Capitalization of N1.12 trillion and the value of the outstanding shares of 3.76 billion.

The Pan-African ICT firm is listed on the Nigeria stock market’s Main Board. The company’s trading ticker symbol on the NSE is AIRTELAFRI. Airtel Africa Plc was listed on the NSE on July 12th, 2018. The group is pulling major strings lately in the ICT sector and is about listing on Malawi Stock Market a few months after listing on the Nigerian Stock Exchange.

E-Transzact International Plc: E-Transzact Plc is the third most capitalized listed ICT firm in Nigeria. The group’s shares price is trading currently at N2.61 per share unit. The company has an Equity Capitalization of N10.96 billion and the value of the outstanding shares of 4.20 billion.

E-Transzact International Plc is listed on the Main Board of the Nigerian stock market. The company’s trading symbol on the NSE is ETRANZACT. The group listed on the Nigerian stock market on August 7th, 2009.

CWG Plc: CWG Plc shares price go for N2.54 per share unit. The company is listed on the Main Board of the Nigerian stock market. The group’s trading symbol is CWG.

CWG Plc has an Equity Capitalization of N6.41billion and the value of the outstanding shares of 2.52 billion. The ICT firm was incorporated as a Limited Company on September 26th, 1991.

Chams Plc: Chams Plc has an Equity Capitalization of N1.60 billion. The company’s shares price is trading currently at 34 Kobo per share unit on the floor of the exchange market. Chams Plc has the value of an outstanding share of 4.70 billion.

The ICT firm is listed on the Main Board of the exchange market. The group’s trading ticker symbol on the local bourse market is CHAMS.

Omatek Ventures Plc: Omatek Plc is listed on the NSE’s Main Board. The company has a Market Capitalization of N1.47bn and the outstanding shares value 2.94 billion.

Omatek Ventures Plc services rendered include; Sales, Assembly, Maintenance of Computers and its Peripherals. The company was incorporated on July 6th, 1998 and was listed on the Nigerian stock market on June 18th, 2008. The group’s trading symbol is OMATEK.

Courtville Business Solutions Plc: Courtville Business Solutions Plc is listed on the Main Board of the Nation’s stock market. The company has an Equity Capitalization of N888.00 million. The company’s outstanding shares value stands at 3.55 billion.

Courtville Business Solutions Plc shares price is currently trading at 25 Kobo per share unit. The group listed on the NSE on August 1st, 2009. COURTVILLE is the company’s trading name on the local bourse market.

NCR Nigeria Plc: NCR Nigeria Plc is listed on the Main Board of the Nigerian stock market. The company has an Equity Capitalization of N486 million and the value of the outstanding shares of 108 million.

The group’s trading symbol on the Nigerian Stock Market is NCR. The company’s shares price is currently trading at N4.50. NCR Nigeria Plc was listed on the Nigerian bourse market on May 30th, 1979.

Tripple GEE and Company Plc: Tripple GEE Plc is the ninth and also the least most capitalized ICT listed stocks in Nigeria. The company has a Market Capitalization of N316.77 million and also the value of the outstanding shares of 494.95 million.

Tripple GEE and Company Plc are listed on the Main  Board of the Nigerian Stock Exchange. The group’s shares price is currently trading at 64n Kobo.

The company’s services include; sale of Computer Stationeries, Telephone recharge cards productions and sale, printers of security documents amongst others.

Disclaimer: Financial Metrics Nigeria Editorial Board compiled this list of NSE’s listed ICT stocks. This research work is for general information purpose sake as we are not advocating for investors to buy these stocks though it will serve as a guide to them. We always advise our blog readers to always seek professional views from their stockbrokers or any other financial expert(s). 

LEAVE A REPLY

Please enter your comment!
Please enter your name here