SWOOT The combined market capitalization of the stocks worth over one trillion (SWOOTs) appreciated by 2.03% to close at N15.37 trillion from N15.06 trillion the previous week, reflecting a gain of N305.55 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, and MTNN Plc.
Stock Performance: Dangote Cement Plc – N255.00
Dangote Cement Plc’s share price grew by 2.03% to close at N255.00 at the end of the trading week as the company’s market capitalization stood at N4.35 trillion. The company, which is a competitor with BUA Cement Plc and Wapco Plc, has a total Market capitalization of N4.35 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. MTNN Plc – N187.00
MTNN Plc share price, at the end of the trading week, closed at N187.00 per share, to appreciate by 7.20%, taking its market capitalization to N3.81 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 N3.81 trillion, N217 billion higher than Airtel Africa’s current market value.
MTNN Plc is the third-highest in market value on the Nigerian Exchange Limited (NGX), right behind Dangote Cement Plc. The MTN group had last week concluded the sale of 575 million units of its Nigerian subsidiary shares to retail investors at a fixed price of N169 per share with an incentive of 1 free share per every 20 units of shares purchased, subject to the condition to hold for 12 months.
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.
Other companies under the SWOOT classification remained unchanged in share prices and their performances are summarized below: Airtel Africa Plc – N955.00
Airtel Africa Plc share price closed the week to stand at N955.00 per share at the end of the trading week with a market capitalization of N3.59 trillion. The price increase took the company’s market […]