• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

Stocks worth over one trillion appreciate by 0.86% as Airtel investors gain N162.73 billion during the week

4 years ago
in highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
53
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Stocks worth over one trillion appreciate by 0.86% as Airtel investors gain N162.73 billion during the week

The combined market capitalization of the stocks worth over one trillion (SWOOT) appreciated by 0.86% to close at N15.70 trillion from N15.57 trillion the previous week, reflecting a gain of N134.45 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc.

Stock performance

  • Airtel Africa Plc – N915.00

Airtel Africa Plc share price grew by 5.00% during the week to close at N915.00 per share at the end of the trading week with a market capitalization of N3.44 trillion. The price increase took the company’s market value up by N162.73 billion.

In a bid to buy out Airtel Nigeria minorities, the company announced that its subsidiary, Airtel Networks Limited, has initiated a process under which it seeks to buy back the 8.27% minority shareholdings at an offer price of NGN 55.81 per share.

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

Net Profit surged significantly by 118.18% from $88m to $192m. Airtel Africa Plc has an Earnings per share of 4.3 cents.

  • MTNN Plc – N190.00

MTNN Plc’ share price, at the end of the trading week, depreciated by 0.5% to close at N190.00 per share, taking its market capitalization to N3.87 trillion at the end of the five trading sessions of the week. The communications company has a total market capitalization of N3.87 trillion, N428 billion higher than Airtel Africa’s current market value.

RelatedPosts

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

MTNN Plc is the second-highest in market value on the Nigerian Exchange Limited (NGX), right behind Dangote Cement Plc. The MTN Group disclosed its intention to sell $245 million worth of its Nigerian subsidiary shares.

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.

  • Nestle Nig Plc – N1,390.00

Nestle Nigeria Plc’s share price declined by 0.7% to close the week at N1,390.00 amidst sell-offs and buy-interests during the trading week. The fast-moving consumer goods company currently has a market capitalization of N1.10 trillion. Nestle Nigeria Plc is the only company under the NGX Consumer Goods Index to be worth over a trillion.

The Q3 2021 financial result revealed a 25.72% growth in revenue from N71.70 billion recorded in Q3 2020 to N90.15 billion. The consumer goods company, reported a profit after tax of N11.85 billion, reflecting a growth of 17.2% from N10.11 billion in the corresponding quarter of 2020.

The FMCG company announced an interim dividend of N25.00 to be paid to existing shareholders on December 6, 2021.

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

  • 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 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 – N74.50

BUA Cement Plc’s share price stood unchanged to close at N74.50, with the market capitalization standing at N2.52 trillion at the end of the trading week.

The company’s Q3 2021 financial report released during the week revealed revenue of N62.63 billion, reflecting a growth of 13.27% from N55.29 billion in 2020. Similarly, net income increased by N3.76 billion, reflecting a 20.07% increase from N18.75 billion recorded in the corresponding period of 2020 to N22.51 billion in the current period.

Tags: AIRTELAFRICABUA CementDangote CementNESTLE and MTNN Plc.
No Result
View All Result

Highlights

BoG Designates Digital Credit Services as Non-Bank Financial Service

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

UK Pledges Support as Ghana Faces GIABA Assessment Amid Gold Sector Scrutiny

BOST Holds 2025 AGM, Tasked to Deliver Profitability and Support Green Transition

Brussels Airlines Adds 5 More A320neo Aircraft to its Fleet

Bog Governor Hints at $4bn Inflows From COCOBOD Financing Deal to Support Cedi

Trending

Business

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

August 29, 2025

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns Ghana Link Network Services Ltd,...

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

August 29, 2025

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

August 29, 2025
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama,

BoG Designates Digital Credit Services as Non-Bank Financial Service

August 29, 2025

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

August 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.