The combined market capitalization of the stocks worth over one trillion (SWOOT) depreciated by 0.95% to close at N13.79 trillion from N13.92 trillion the previous week, reflecting a loss of N131.54 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc.
Of the 5 stocks, only Airtel Africa Plc depreciated by 4.7% to close at N715.00 from N750.00 per share. Airtel Africa Plc – N715.00
Airtel Africa Plc started the trading week with a market capitalization of N2.82 trillion at N750.00 per share to close the week at N2.69 trillion at N715.00 per share.
The company’s share price depreciated by 4.7% from N750.00 to N715.00 at the end of the week.
Last month, the company announced the signing of an agreement under which Qatar Holding LLC, an affiliate of the Qatar Investment Authority (QIA), will invest $200 million in Airtel Mobile Commerce BV, a subsidiary of Airtel Africa Plc.
The company’s Q2 2021 unaudited results for the period ended June 30th, 2021 shows a profit before tax of 133 per cent to $259 million while profit after tax went up by 149 per cent to $142 million. Airtel Africa Plc announced a revenue growth of nearly 31%, to $1.1 billion.
Other companies under the SWOOT classification remained unchanged in share prices and their performances are summarized below. BUA Cement Plc – N68.00
BUA Cement Plc remained unchanged with a market capitalization of N2.30 trillion at N68 per share.
The company released its financial report for Q2 2021, reporting revenue of N63.09 billion, reflecting a growth of 33.41% from N47.29 billion in 2020.
Similarly, net income increased by N6.16 billion, reflecting a 41.43% increase from N14.87 billion recorded in the corresponding period of 2020 to N21.03 billion in the current period. Nestle Nig Plc – N1,400.00
Nestle Nigeria Plc’s share price stood at N1,400 at the start of the week and remained unchanged as the trading week ended. The Fast-Moving Consumer goods company currently has a market capitalization of N1.11 trillion. Nestle Nigeria Plc is the only company under the NGX Consumer Goods Index to be worth over a trillion.The Board of Nestle Nigeria Plc approved a final dividend payment of N28.14 billion representing N35.50 per share which was paid to existing shareholders for the 2020 financial year.The Q2 2021 financial result revealed a 19.07% growth in revenue from N70.7 billion recorded in Q2 2020 to N84.18 billionThe consumer goods company, […]