Prime Business AfricaThe total market valuation of the six conglomerate companies in the Nigerian stock market increased by N35.29 billion or 5.46 percent in the first quarter (Q1) of 2025, according to Prime Business Africa’s analysis.
PBA gathered that the conglomerate companies, which include Custodian & Allied Plc, Transnational Corporation (Transcorp) of Nigeria Plc, UAC of Nigeria, John Holt Plc, Chellarams Plc, and SCOA Nigeria, have a total market valuation of N681.38 billion as of March 28, surpassing the N646.08 billion recorded on January 2.
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Transcorp Nigeria
With a N451.19 billion equity capitalisation, Transcorp Nigeria has the highest market valuation in the country, according to Prime Business Africa’s findings.
Transcorp Nigeria’s market valuation had increased by N9.14 billion in the first three months of this year from the N442.04 billion it was valued at as of January 2, after the company’s share price appreciated by N0.9 kobo during the period.
The share price had appreciated from N43.50 kobo to N44.40 kobo between January and March, leading to a 2.06 percent jump in Transcorp Nigeria’s market valuation.
Custodian & Allied Plc
Custodian & Allied Plc was ranked second on the list of companies with the highest market valuation after closing the first quarter with N114.69 billion market capitalisation.
The conglomerate company had started the year with N100.57 billion, however, following a 14.03 percent appreciation in its share price, Custodian’s market valuation rose by N14.11 billion.
Custodian took the second position as high investor confidence in the company’s stock pushed the share price up from N17.10 kobo on January 2 to N19.50 kobo on March 28, reflecting a N2.4 kobo gain.
UAC of Nigeria
UAC of Nigeria closed the gap on Custodian after its market capitalisation jumped from N96.41 billion to N103.87 billion within three months to secure the third spot on the list of companies with the highest market valuation.
The N7.46 billion increase in UAC’s market valuation was driven by a 7.73 percent growth or N2.55 kobo gain in the company’s share price, which grew from N32.95 kobo on January 2 to N35.50 kobo on March 28.
Chellarams Plc
Chellarams Plc is the only company that changed position on the list of companies with the highest market valuation, surpassing John Holt Plc to claim the fourth position after its market capitalisation rose by 113.24 percent.
On January 2, the company’s market valuation stood at N2.67 billion, however, according to analysis, Chellarams’ equity capitalisation increased by N3,02 billion within three months to end the quarter at N5.70 billion.
Chellarams had leapfrogged John Holt after its share price appreciated by N4.19 kobo from N3.70 kobo on January 2 to N7.89 kobo on March 28/
John Holt Plc
John Holt ended the first quarter as the fifth most valuable conglomerate company in the Nigerian stock market, as its equity valuation stood at N3.01 billion.
The company had occupied the fourth position on January 2 when its market valuation was N3.03 billion, but after its share price declined by 0.64 percent within three months, it fell to fifth on the list.
Prime Business Africa gathered that John Holt’s share price dropped marginally by N0.05 from N7.79 kobo to N7.74 kobo during the period under review, resulting in its market valuation reducing by N19.45 million.
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