The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 2.70% to close at N18.23 trillion from N17.75 trillion the previous week, reflecting a gain of N478.72 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS.
Stock Performance Dangote Cement Plc – N274.80
Dangote Cement Plc’s share price appreciated by 5.4% to close at N274.80 at the end of the trading week as the company’s market capitalization stood at N4.68 trillion. The company, which is a competitor of BUA Cement Plc and Wapco Plc, has a total market capitalization of N4.68 trillion.
Dangote Cement Plc is currently the second most-valued company quoted on the exchange and makes up roughly 25% 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 – N70.75
BUA Cement Plc’s share price appreciated by 1.1% to close at N70.75 from N69.95, with the market capitalization standing at N2.40 trillion at the end of the trading week.
The company’s Q4 2021 financial report revealed a revenue of N70.43 billion, reflecting a growth of 33.15% from N52.89 billion in 2020. Similarly, net income increased by N7.06 billion, reflecting a 37.60% increase from N18.78 billion recorded in the corresponding period of 2020, to N25.84 billion in the current period. MTNN Plc – N200.30
MTNN Plc’s share price, at the end of the trading week, grew by 5.4% to close at N200.30 per share, taking its market capitalization to N4.08 trillion at the end of the five trading sessions of the week. The communications company, a competitor with Airtel Nig Plc, has a total market capitalization of N4.08 trillion, N699 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 2021 FY financial result, reflecting a 22.90% growth in revenue for the period, while profit after tax grew significantly by 45.53% from N205.21 billion in FY 2020 to N298.65 billion in the current period.
Other companies under the SWOOT classification remained unchanged in share prices and their performances are summarized below: Nestle Nigeria Plc – N1,435
Nestle Nigeria Plc’s share price remained […]
