The combined market capitalization of the stocks worth over one trillion (SWOOTs) appreciated by 1.88% to close at N17.06 trillion from N16.75 trillion the previous week, reflecting a gain of N315.49 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS.
Stock Performance Nestle Nig Plc – N1,435
Nestle Nigeria Plc’s share price declined by 7.8% to close the week at N1,435.00 per share amidst sell-offs and buy-interests during the trading week. The Fast-Moving Consumer Goods company currently has a market capitalization of N1.14 trillion. Nestle Nigeria Plc is one of the two companies under the NGX Consumer goods Index to be worth over a trillion.
The Q3 2021 financial result revealed a 25.72% growth in revenue from N71.70 billion recorded in Q3 2020 to N90.15 billion. The consumer goods company reported a profit after tax of N11.85 billion, reflecting a growth of 17.2% from N10.11 billion in the corresponding quarter of 2020.
The FMCG announced an interim dividend of N25.00 which has been paid to existing shareholders on December 6, 2021. MTNN Plc – N190.00
MTNN Plc’s share price, at the end of the trading week, declined by 3.6% to close at N190.00 per share, taking its market capitalization to N3.87 trillion at the end of the four trading sessions of the week. The communications company has a total market capitalization of N3.87 trillion, N81 billion lower than Airtel Africa’s current market value.
MTNN Plc is the third-highest in market value on the Nigerian Exchange Limited (NGX). The company released its Q3 2021 financial result, reflecting a 22.89% growth in revenue for the period, while profit after tax grew significantly by 58.99% from N49.36 billion in Q3 2020 to N78.48 billion in the current period. Dangote Cement Plc – N270.00
Dangote Cement Plc’s share price appreciated by 8.0% to close at N270.00 at the end of the trading week as the company’s market capitalization stood at N4.60 trillion. The company, which is a competitor with Bua Cement Plc and Wapco Plc, has a total Market capitalization of N4.60 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 […]