10 Most Expensive Listed Stocks in Nigerian Market
Some stocks listed on the Nigerian Exchange are not for the boys but for the big dude with deep pockets. A wannabe portfolio builder shouldn’t venture into these pricey stocks; it might cost millions to have a share of the pie.
High-priced stocks are not necessarily the best performers but they are often more liquid to trade with. It is a strategy to lock out investors with low appetite, and reduce volatility rate.
Here are the top 10 most expensive shares in Nigerian market
Seplat Energy market price settled at N3370 on Friday, according to data from the Nigerian Exchange. The stock has stayed relatively flat in the last seven trading sessions, based on data from the stock market. Seplat is worth about N2 trillion and its limited outstanding shares appeared to have shielded it from market volatility.
Airtel Africa’s share price settled at N2200 in the stock market on Friday. The market price of the telecommunication company has steadied at the current price valuation over the last seven trading sessions. Airtel has been buying back its shares, first in the Nigerian market and now at the London Stock Exchange. It has become less volatile but once swings, it often comes big.
The stock market of Geregu Power Plc has been flattish for a long time now as some analysts estimate that company stock might have hit overbought. According to data details from the Nigerian Exchange, the stock has climbed to N1000 from N100 when it was listed in Oct 2022.
Traded at N795.50, Nestle Nigeria Plc is a falling angel having lost more than 43% of its valuation due to shareholders selling off their interest in the food producer company. Nestle is among dividend aristocrats in Nigerian market but its fortune, and business performance have declined in recent times. But a lower price could create fresh entry points on expectation of status recovery.
Dangote Cement settled at N656.70 per share in the stock market on Friday. The stock price has been stable over the last seven days at the current valuation. The cement producer is worth more than N11.190 trillion in market valuation. Dangote Industries Limited controls lion shares of more than 85%
BUA Foods Plc is playing in the league of expensive stocks at N379.90 kobo per share, details from the Nigerian Exchange revealed. The food producer’s market valuation settled at N6.838 trillion in the stock market, trading flattish at the current price value for seven trading sessions. The stock gained market attention after it was listed by way of introduction.
TotalEnergies Marketing Nigeria Plc is also considered among expensive stocks. The share price closed at N321.50 on Friday, a decline from its peak price of N364.50 in the recent trading band. This company is worth more than N109 billion with less than 340 million outstanding shares.
Okomu Oil Plc closed at N232.50 per share on Friday in the stock market. The company which operates in the agricultural sector is worth about N222 billion spread over its 953.91 million outstanding shares. Its market price peaked at N247 in the last seven trading sessions before it spiralled downward due to selloffs.
PRESCO Plc was priced at N231.50 at the close of the trading session on Friday in the stock market. The company, Okomu Oil’s immediate rival, plays in the agricultural sector and is worth N231.5 billion. It traded flat at the current market price for seven trading sessions. However, its market price has dropped from N259, its 52-week high.
VFD Group worth N202.90 on Friday, according to details obtained from the Nigerian Exchange. The company is worth more than N59 billion, and has been trading flat ahead of its earnings release. Naira Suffers Big, CBN Goes Ballistic Against FX Whales
