Listing on the Nigerian Stock Exchange (NGX) provides companies with numerous benefits, including increased visibility, access to capital, and enhanced credibility.
However, not all companies choose to list due to regulatory requirements, the cost of compliance, and the need for transparency in financial reporting.
For those that do, market capitalization becomes a crucial indicator of their financial health and investor confidence.
In 2024, health companies listed on the NGX demonstrated their financial robustness through their market capitalizations.
This metric, which reflects the total market value of a company’s outstanding shares, provides insights into the company’s size, stability, and market presence.
Methodology
Nairametrics ranked the top health companies based on their market capitalization as of the end of July 2024, using the daily summary of the last day in July 2024, exploring their operations, histories, and positions in the market.
Market Capitalization: N2,891,890,000
Ekocorp Plc, established in 1977, is the only hospital healthcare provider listed on the NGX.
The company owns and operates Eko Hospitals, which are multi-specialty hospitals providing comprehensive healthcare services.
With facilities in Lagos, Ekocorp claims to offer a range of medical services, including diagnostics, surgery, and outpatient care. Based on local reviews, the hospitals have a 3.8 out of 5 rating.
Ekocorp’s market capitalization as of July 31 2024 was N2,891,890,000, with a share price of N5.80.
