Nine companies control about 68 per cent of the Nigerian Exchange (NGX) equity market, which was valued at N157.74 trillion as of August 31, 2026. The NGX market capitalisation stood at N157.74 trillion at the close of trading on August 31, while the All-Share Index closed at 244,199.39 points, a 56.93 per cent year-to-date gain. The nine firms, each with market capitalisation of at least N5 trillion, had a combined value of N107.59 trillion by the end of August. The concentration highlights the growing influence of blue-chip stocks on market direction amid a strong rally in large-cap stocks.
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