The aggregate market capitalisation of stocks worth over one trillion (SWOOT) increased by 0.86 percent to N15.70 trillion, a gain of N134.45 billion, from N15.57 trillion the previous week. AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, and MTNN Plc are among the stocks listed in this category.
See Stock Performance Below:
Airtel
The share price of Airtel Africa Plc increased by 5.00 percent over the week, closing at N915.00 a share with a market capitalization of N3.44 trillion at the end of the trading week. The company’s market worth increased by N162.73 billion as a result of the price hike.
Airtel Nigeria said that its subsidiary, Airtel Networks Limited, has begun a process to purchase back the 8.27 percent minority shareholdings at a price of NGN 55.81 per share in an attempt to buy out minority shareholders.
Revenue increased by 20.21 percent from $965 million in the previous year to $1.16 billion in the current year, according to Airtel’s HY 2021 unaudited statistics. In a similar vein, operating profit increased by 45 percent from $262 million to $380 million dollars.
The company’s net profit increased by 118.18 percent from $88 million to $192 million. Airtel Africa Plc had a 4.3 cent earnings per share.
Nestle
During the trading week, Nestle Nigeria Plc’s share price fell 0.7 percent to N1,390.00, owing to sell-offs and buy-interests. The market capitalisation of the fast-moving consumer products company is currently N1.10 trillion. Nestle Nigeria Plc is the only business in the NGX Consumer Goods Index with a market capitalization of more than a trillion dollars.
The financial report for Q3 2021 shows a 25.72 percent increase in sales from N71.70 billion in Q3 2020 to N90.15 billion in Q3 2021. The consumer goods company posted a profit after tax of N11.85 billion, up 17.2 percent from N10.11 billion in the same quarter of the previous year.
The FMCG company announced an interim dividend of N25.00 to be paid to existing shareholders on December 6, 2021.
MTN
The share price of MTNN Plc depreciated by 0.5 percent at the end of the trading week, closing at N190.00 per share, bringing its market capitalisation to N3.87 trillion at the end of the five trading sessions. The telecommunication company has a total market capitalization of N3.87 trillion, which is N428 billion larger than the current market value of Airtel Africa.
On the Nigerian Exchange Limited (NGX), MTNN Plc is the second-highest in market value, after only Dangote Cement Plc. The MTN Group announced plans to sell $245 million worth of shares in its Nigerian affiliate.
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.
BUA Cement PLC
BUA Cement Plc’s share price remained constant at N74.50 at the end of the trading week, with a market capitalisation of N2.52 trillion.
Revenue for the third quarter of 2021 was N62.63 billion, up 13.27 percent from N55.29 billion in 2020, according to the company’s financial report released this week. Similarly, net income climbed by N3.76 billion, or 20.07 percent, from N18.75 billion in the prior year’s similar quarter to N22.51 billion in the current year.
Dangote Cement PLC
The share price of Dangote Cement Plc remained constant at N280.00 at the end of the trading week, putting the company’s market capitalisation at N4.77 trillion. The corporation is worth N4.77 trillion in total market capitalization.
Dangote Cement Plc is the most valuable firm listed on the exchange, accounting for 30% of the total market capitalization of all equities worth more than a trillion dollars.
The financial results for Q3 2021 revealed that revenue increased by 16.53 percent, while net income increased by 4.94 percent, from N82.54 billion in Q3 2020 to N86.62 billion in the current quarter.
