The SWOOTs lose N29.12 billion combined despite Airtel gaining 10% W-o-W

The SWOOTs lose N29.12 billion combined despite Airtel gaining 10% W-o-W

SWOOT The combined market capitalization of stocks worth over one trillion (SWOOTs) depreciated by 0.16% to close at N17.75 trillion from N17.78 trillion the previous week, reflecting a loss of N29.12 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS.

Stock Performance Airtel Africa Plc – N1,271.00

Airtel Africa Plc’s share price appreciated by 10.00% to stand at N1271.00 per share at the end of the trading week, with a market capitalization of N4.78 trillion.

Airtel Africa Plc ended the week as the most capitalized company on the exchange, displacing Dangote Cement Plc by N335 billion.

Airtel’s HY 2021 unaudited results for the period ended September 30th, 2021 revealed that Revenue grew by 20.21% from $965 million in the previous year to $1.16 billion in the current period. In the same vein, Operating profit showed impressive growth to record a 45% increase from $262 million to $380 million.

Net Profit surged significantly by 118.18% from $88 million to $192 million. Airtel Africa Plc has an Earnings per share of 4.3 cents. Dangote Cement Plc – N260.60

Dangote Cement Plc’s share price depreciated by 8.5% to close at N260.60 at the end of the trading week as the company’s market capitalization stood at N4.44 trillion. The company, which is a competitor of BUA Cement Plc and Wapco Plc, has a total market capitalization of N4.44 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 – N69.95

BUA Cement Plc’s share price depreciated by 2.0% to close at N69.95 from N71.40, with the market capitalization standing at N2.37 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.Other companies under the SWOOT classification remained unchanged in share prices and their performances are summarized below: Nestle Nigeria Plc – […]

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