Six Nigerian companies admitted to FTSE’s 50 most liquid frontier market stocks
FTSE Frontier 50 Index, which monitors the performance of the 50 most liquid stocks from the 26 frontier markets covered by the organisation, admitted mega-cap Nigerian stocks including First HoldCo, Dangote Cement, MTN Nigeria, Aradel Holdings, Guaranty Trust Holding Company and Zenith Bank, the list seen by PREMIUM TIMES on Monday showed.
London-based FTSE Russell, which produces and markets stock market indices globally, has included 6 Nigerian stocks among its list of 50 most liquid frontier market stocks, according to a market disclosure dated 4 September.
Adding the stocks to the index places them higher in importance among investors, ahead of the other 4 Nigerian equities that were approved last week, along with those 6, to join the broader FTSE Frontier Index later this month.
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