BUA Cement outperforms stocks worth over a trillion naira, takes market cap up by N112.20 billion
The combined market capitalization of the stocks worth over one trillion (SWOOTs) appreciated by 0.77% to close at N14.76 trillion from N14.65 trillion the previous week, reflecting a gain of N112.20 billion.
Stocks included in this classification are Airtel Africa, BUA Cement, Dangote Cement, Nestle and MTN Nigeria.
A summary of the performance of companies under the SWOOT classification is given below.
Stocks Performance
- BUA Cement Plc – N72.00
BUA Cement Plc share price appreciated by 6.7% to close at N72.00 per share from N67.50 the previous week, with the market capitalization gaining N152.39 billion to stand at N2.44 trillion at the end of the trading week.
The company’s Q2 2021 financial report released in July, reported 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.
The Q3 financial report of the cement producer has not been released.
- Airtel Africa Plc – N770.00
Airtel Africa Plc share price appreciated by 1.3% from N760 to N770 per share at the end of the trading week with a market capitalization of N2.89 trillion from N2.86 trillion the previous week.
The company recently appointed Tsega Gebreyes, the founding partner of Satya Capital Limited and former senior advisor to Zain, as an independent non-executive director.
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 revenue growth of nearly 31%, to $1.1 billion.
Airtel’s Q3 2021 financial result is yet to be released.
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- Nestle Nig Plc – N1,405.00
Nestle Nigeria Plc’s share price declined by 5.1% from N1,480.00 to end the week at N1,405.00 amidst sell-offs and buy-interests during the trading week. 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 Q2 2021 financial result revealed a 19.07% growth in revenue from N70.7 billion recorded in Q2 2020 to N84.18 billion in Q2 2021. The consumer goods company, reported a profit after tax of N9.33 billion, reflecting a decline of 12.23% from N10.63 billion in the corresponding quarter of 2020.
Nestle’s Q3 result for the period ending September 30, 2021, is yet to be released.
- MTNN Plc – N174.00
MTNN Plc’ share price, at the end of the trading week, recorded a slight decline from N174.90 to close at N174.00 per share, taking its market capitalization to N3.54 trillion at the end of the five trading sessions of the week. The communications company has a total market capitalization of N3.54 trillion, N648 billion higher than Airtel Africa’s current market value.
The company is the second-highest in market value on the Nigerian Exchange Limited (NGX), right after Dangote Cement Plc.
MTNN Plc released its Q2 2021 financial result, reflecting a 24.01% growth in revenue for the period, while profit after tax grew by 49.48% from N94.88 billion in Q2 2020 to N141.83 billion in the current period. The company approved an interim dividend of N4.55kobo to existing shareholders, which was paid on the 27th of August, 2021.
MTNN’s Q3 result for the period ending September 30, 2021, is yet to be released.
- Dangote Cement Plc – N280.00
Dangote Cement Plc’s share price stood unchanged to close at N280.00 at the end of the trading week while the company’s market capitalization stood at N4.77 trillion. The company has a total market capitalization of N4.77 trillion.
Dangote Cement Plc is currently the most valued company quoted on the exchange and makes up 30% of the total market capitalization of all stocks worth over one trillion.
The Q2 2021 financial result revealed that revenue grew by 57.20% while net income for the period appreciated by 55.48% from N65.55 billion in Q2 2020 to N101.92 billion in the current period.
The Q3 2021 result for Dangote Cement Plc is yet to be released.
