SWOOT The combined market capitalization of the stocks worth over one trillion (SWOOTs) appreciated by 1.97% to close at N15.79 trillion from N15.48 trillion the previous week, reflecting a gain of N305.66 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc.
Stock Performance Airtel Africa Plc – N1,050.50
Airtel Africa Plc’s share price closed the week gaining 10.00% to stand at N1,050.50 per share at the end of the trading week with a market capitalization of N3.95 trillion. The price increase took the company’s market value up by N358.90 billion.
Airtel’s HY 2021 unaudited results for the period ended September 30th, 2021 revealed that Revenue grew by 20.21% from $965mn in the previous year to $1.16bn in the current period. In the same vein, Operating profit showed impressive growth to record a 45% increase from $262m to $380m.
Net Profit surged significantly by 118.18% from $88m to $192m. Airtel Africa Plc has an Earnings per share of 4.3 cents. Dangote Cement Plc – N250.00
Dangote Cement Plc’s share price declined by 2.7% to close at N250.00 at the end of the trading week as the company’s market capitalization stood at N4.26 trillion. The company, which is a competitor with BUA Cement Plc and Wapco Plc, has a total Market capitalization of N4.26 trillion.
Dangote Cement Plc is currently the most valued company quoted on the exchange and makes up roughly 30% of the total market capitalization of all stocks worth over one trillion.
The Q3 2021 financial result revealed that revenue grew by 16.53% while net income for the period appreciated by 4.94% from N82.54 billion in Q3 2020 to N86.62 billion in the current period. BUA Cement Plc – N69.00
BUA Cement Plc’s share price grew by 2.9% to close at N69.00 from N67.05, with the market capitalization standing at N2.34 trillion at the end of the trading week.
The company’s Q3 2021 financial report released during the week revealed a revenue of N62.63 billion, reflecting a growth of 13.27% from N55.29 billion in 2020. Similarly, net income increased by N3.76 billion, reflecting a 20.07% increase from N18.75 billion recorded in the corresponding period of 2020, to N22.51 billion in the current period. Nestle Nig Plc – N1,556.50
Nestle Nigeria Plc’s share price remained unchanged to close the week at N1,556.50 amidst sell-offs and buy-interests during the trading week. The Fast-Moving Consumer Goods […]
