The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 4.21% to close at N17.78 trillion from N17.06 trillion the previous week, reflecting a gain of N717.92 billion.
Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS.
Stock Performance Airtel Africa Plc – N1,155.50
Airtel Africa Plc’s share price appreciated by 10.00% to stand at N1,155.50 per share at the end of the trading week, with a market capitalization of N4.34 trillion. 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 $262mn to $380mn.
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 – N284.90
Dangote Cement Plc’s share price appreciated by 5.5% to close at N284.90 at the end of the trading week as the company’s market capitalization stood at N4.85 trillion. The company, which is a competitor with Bua Cement Plc and Wapco Plc, has a total Market capitalization of N4.85 trillion.
Dangote Cement Plc is currently the most valued company quoted on the exchange and makes up roughly 27% 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 – N71.40
BUA Cement Plc’s share price appreciated by 4.2% to close at N71.40 from N68.50, with the market capitalization standing at N2.42 trillion at the end of the trading week.
The company’s Q3 2021 financial report 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. BUA Foods Plc – N64.40
BUA Foods Plc’s share price declined by 2.40% to close at N64.40 from N66.00, with the market capitalization standing at N1.16 trillion at the end of the trading week.
BUA Foods is a newly listed company on the exchange; however, the […]