Access Holdings’ market cap crosses N1trn as FBN Holdings rejoins trillionaire stock list

Access Holdings has surpassed the N1 trillion market capitalisation mark.

At the close of trading on Tuesday, the share value of the company rose by 8.39 percent to N29.70 — from N27.40 on Monday.

This raised Access Holdings’ market valuation to N1.05 trillion, up from N973.93 billion on Monday.

The development comes a day after the market capitalisation of United Bank for Africa (UBA) hit N1.02 trillion, from the N990.07 Billion traded on Friday.

Also, FBN Holdings closed with N1.02 trillion market capitalisation, rising from N933.27 billion — after its share value jumped from N26, the previous day, to N28.6.

FBN Holdings had crossed the N1 trillion mark on December 6, 2023, for the first time, after recording N1.05 trillion market valuation from N960.19 billion.

However, FBN exited the trillionaire stock list the next day.

With Access Holdings and FBN Holdings’ performance on Tuesday, all tier-1 banks in Nigeria have crossed the N1 trillion mark.

Others on the list are GTCO (N1.42 trillion), United Bank for Africa (N1.11 trillion), and Zenith Bank (N1.4 trillion).