The market capitalization of United Bank for Africa (UBA) at the close of trading activities today crossed over N1 trillion.

The share price of UBA attained new price of N29.90, taking the bank’s market capitalization to N1.02 trillion, making the bank the latest member of the SWOOT category.  

Companies with over N1 trillion market cap in the NGX are categorized as SWOOTs (Stocks worth over one trillion Naira). Current members of the category include MTN Nigeria, Airtel Africa, Dangote Cement, BUA Foods, BUA Cement, GTCO Holdings, Zenith Bank, and Seplat Energy.  

On December 6, 2023, FBNH, the parent group of First Bank Limited also crossed the N1 trillion mark, however, it dropped back the next day. Stanbic IBTC also crossed the N1 trillion mark in 2023.  

 

Culled: Nairametrics