Finance

The SWOOTs capitalization improves w-o-w by N509 billion


The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 2.65% to close at N19.60 trillion from N19.09 trillion the previous week, reflecting a gain of N509 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS.

Stock Performance

BUA Cement Plc – N74.25

BUA Cement Plc’s share price grew by 8.16% to close at N74.25 from N68.65, with the market capitalization standing at N2.51 trillion at the end of the trading week.

The company’s Q1 2022 financial report revealed revenue of N96.99 billion, reflecting a growth of 58% from N61.19 billion in 2021. Similarly, net income increased by N11 billion, reflecting a 48% increase from N22.37 billion recorded in the corresponding period of 2021, to N33.144 billion in the current period.


Airtel Africa Plc – N1,400

Airtel Africa Plc’s share price appreciated by 1.01% to stand at N1,400 per share at the end of the trading week, with a market capitalization of N5.26 trillion.

Airtel Africa Plc ended the week as the most capitalized company on the exchange once again, vying for the position with Dangote Cement Plc.

The telecom giant has released its 2021 9-month Unaudited Financial Statement revealing a 22.5% growth in revenue from $2.85 billion in 2020 to $3.49 billion in the current period.

Net profit for the nine-month period appreciated significantly by 97.3% from $261 million in 2020 to $514 million.


MTNN Plc – N227.50

MTNN Plc’s share price, at the end of the trading week, appreciated by 6.06% to close at N227.50 per share, taking its market capitalization to N4.63 trillion at the end of the three trading sessions of the week. The communications company, a competitor of Airtel Nig Plc, has a total market capitalization of N4.63 trillion, N631 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 Q1 2022 financial result, reflecting a 22.23% growth in revenue for the period, while profit after tax grew significantly by 31.28% from N73.75 billion in Q1 2021 to N96.82 billion in the current period.

  • Other companies under the SWOOT classification remained unchanged in share prices and their performances are summarized below:

BUA Foods Plc – N59.50

BUA Foods Plc’s share price remained unchanged to close at N59.50, with the market capitalization standing at N1.07 trillion in market value at the end of the trading week.

BUA Foods was newly listed company on the exchange in January 2022; however, the Q1 2022 financial result revealed a 19% growth in Profit after Tax from N22.84 billion recorded in the corresponding period of 2021 to N22.84 billion in the period reported.

The FMCG company, reported revenue of N90.07 billion, reflecting a growth of 28.30% from N70.20 billion in the corresponding period of 2021.


Dangote Cement Plc – N292.40

Dangote Cement Plc’s share price remained unchanged to close at N292.40 at the end of the trading week as the company’s market capitalization stood at N4.98 trillion. The company, which is a competitor of Bua Cement Plc and Wapco Plc, has a total Market capitalization of N4.98 trillion.

Dangote Cement Plc is the second most-valued company quoted on the exchange and makes up roughly 26% of the total market capitalization of all stocks worth over one trillion.

The Q1 2022 financial result revealed a profit of N105.85 billion during the period, representing an 18% increase Y-o-Y. Meanwhile, Revenue for the period stood at N413.18 billion, a 24.20% increase from the corresponding period of 2021.


Nestle Nigeria Plc – N1,440

Nestle Nigeria Plc’s share price remained unchanged to close the week at N1,440.00 per share, amidst sell-offs and buy-interests during the trading week.

The Fast-Moving Consumer Goods company currently has a market capitalization of N1.14 trillion. Nestle Nigeria Plc is one of the two companies under the NGX Consumer goods Index to be worth over a trillion.

The Q1 2022 financial result revealed a profit of N17.98 billion, representing a 45% increase from the prior-year period as revenue grew by 26%. Earnings per share for the period was at N22.68.



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