Top 10 Most Capitalized NSE’s Healthcare Stocks

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The Healthcare sector of the economy is one of the most important sectors of the economy due to the key services they offer. With technological advancement, improved budgetary allocations, researches, and foreign aids amongst others, the Nigerian Healthcare sector has made some great improvements over the years though not yet Uhuru.

Financial Metrics Nigeria compiles the list of top ten most capitalized Healthcare stocks listed on the Nigerian Stock Exchange (NSE). Most of these listed stocks are Pharmaceutical companies that manufacture, distribute and market pharmaceutical products’.   

Fidson Healthcare Plc: Fidson Healthcare Plc is the most capitalized NSE’s Healthcare listed stock. The group is one of the leading Pharmaceutical brands in Nigeria, little will wonder why the company is the most capitalized listed healthcare stock in Nigeria.

The group has a Market Capitalization of N6.47bn. The Healthcare firm shares price is currently trading at N3.10. The company is also listed on the Main Board of the Nigerian stock market.

Fidson Healthcare Plc has the value of the outstanding shares of 2.09bn. The group was incorporated as a Limited Liability Company on March 13th, 1995. The Pharmaceutical company got listed on the local bourse market on April 6th, 2008. The company’s trading ticker symbol on the NSE is FIDSON.

Glaxo SmithKline Consumer Nigeria Plc: Glaxo SmithKline is also listed on the Main Board of the exchange market. The company has an Equity of N6.28bn. Glaxo SmithKline Consumer Nigeria Plc has then outstanding shares value of 1.20bn.

The group shares price is currently trading at N5.25. The Pharmaceutical company was incorporated on June 23rd, 1971.   The company services include; manufacturing, marketing, and distribution of pharmaceutical products. The group’s trading symbol on the Nigerian Stock Exchange is GLAXOSMITH.

May & Baker Nigeria Plc: May & Baker Plc is one of Nigerian Foremost Pharmaceutical companies. The group has the value of the outstanding shares of 1.73bn. The company got incorporated on April 9th, 1944 and was listed on the NSE on November 10th, 1994.  May & Baker Plc are into production, distribution, and marketing of Pharmaceutical products and consumer goods.

Lt. Gen T.Y Danjuma (Rtd) is the Company’s Chairman while Dr. Edugie Abebe, Adedayo Adeleke, Nnamdi N. Okafor, and Chukutem Chukuka are members’ of the Board of Directors of the company.

May & Baker Nigeria Plc has a Market Capitalization value of N3.69bn. The company’s trading symbol is MAYBAKER.

Ekocorp Plc: Ekocorp Plc shares price is currently trading at N4.15. The group is listed on the Main Board of the Nigerian bourse market. Ekocorp has a Market Capitalization of N2.07bn. The group has the outsanding shares value of 489.60bn.

The Pharmaceutical company was incorporated under the CAC Acts is as Limited Liability Company on October 9th, 1991. The group’s trading symbol is EKO.

Neimeth International Pharmaceuticals Plc: Neimeth Plc is listed on the Main Board of the stock exchange market. The company has an Equity Capitalization of N1.08bn and the value of the outstanding shares of 1.90bn. The Healthcare firm shares price is currently trading at 57 Kobo per share unit.

Neimeth International Pharmaceuticals Plc was incorporated on August 30th, 1957 and was listed on the exchange market on September 21st, 1979. Dr. A.B.C. Orjiakor, S.I Ohabunwa, and Engr G.E Omene are part of the company’s Board of Directors. The group ticker trading symbol on the NSE is NEIMETH.

Union Diagnostic & Clinical Services Plc: Union Diagnostic Plc is currently trading on the NSE at 20 Kobo per share unit. The Health firm has an Equity Capitalization of N710.63 million. The stock is listed on the NSE’s Main Board.

Union Diagnostic & Clinical Services Plc has the value of the outstanding shares of 3.55bn. The company was incorporated on March 16th, 1999 and was listed on the Nigerian Stock Exchange as a Healthcare stock on September 11th, 2008. The group’s trading symbol on the NSE is UNIONDAC.

Nigeria-German Chemicals Plc: The Healthcare company is listed on the Main Board of the stock market. The group has an Equity Capitalization of N556.71 million. The company’s trading symbol on the NSE is NIG-GERMAN.

Nigeria-German Chemicals Plc has the value of the outstanding shares of 153.79 million. The company was incorporated on January 10th, 1964. Aside from the production, distribution, and marketing of healthcare products, the group also produces household consumer goods and oilfield chemicals.

Morison Industries Plc: Morison Industries Plc is into medical supplies. The company has a Market Capitalization of N494.58 million and the value of the outstanding shares of 989.16 million. The group is listed on the Main Board of the local bourse market.

Morison Industries Plc was incorporated on June 29th, 1955. The company’s trading symbol is MORISON.

Evans Medical Plc: Evans Medical Plc has an Equity Capitalization of N366.17 million. The group was incorporated on April 23rd, 1954 and was listed on the NSE on July 23rd, 1979.

The company has the value of an outstanding share of 732.35 million. The company’s shares trade 5 Kobo per share unit. The group’s trading ticker symbol is EVANSMED.

Pharma-Deko Plc: Pharma-Deko Plc is the tenth most capitalized listed Healthcare company in Nigeria. The group has an Equity Capitalization of N325.23 million and the value of the outstanding shares of 216.82 million. The group was incorporated on 18th, April 1969.

Pharma-Deko Plc is listed on the Main Board of the Nigerian stock exchange market. As of the time of filing this report (Thursday 20th, December 2019), the group last sold its shares as of Thursday 2nd December 2019. The company shares price stands at N1.50.

Financial Metrics Nigeria reports that Pharma-Deko Plc has inconsistently sold its share units lately. From Friday, August 9th to Tuesday, August 27th the Healthcare company recorded sales in five business days. Namely, Friday, August 9th, Monday 19th, August, Wednesday 21st, Thursday 22nd August and Wednesday 28th, August.

According to Financial Metrics Nigeria, Pharma-Deko Plc didn’t make sales throughout the month of October and transacted once in the Month of November which was on Thursday, November 28th, 2019.  The company’s shares price has consistently remained N1.50 throughout these periods.

The company’s trading ticker symbol on the Nigerian stock market is Pharma-Deko. Adekunle Abibu, Collins Chikeluba, and Folarin R.A Williams are part of the group’s Board of Directors.

 

 

  

 

 

 

 

 

 

 

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