The SWOOTs capitalization has increased by N50.89 billion thanks to MTNN

The SWOOTs capitalization has increased by N50.89 billion thanks to MTNN

The combined market cap of stocks worth over one trillion (SWOOTs: stocks worth over one trillion) increased by 0.28 percent to N18.23 trillion, a gain of N50.89 billion, from N18.18 trillion the previous week.

MTNN Plc – N206.00

At the end of the trading week, MTNN Plc's share price increased by 1.2 percent to settle at N206 a share, bringing its market capitalization to N4.19 trillion. The communications firm, which competes with Airtel Nig Plc, has a total market capitalization of N4.19 trillion, which is N542 billion less than the present market value of Airtel Africa.

On the Nigerian Exchange Limited, MTNN Plc has the third-highest market value (NGX). The corporation presented its financial results for the fiscal year 2021, which showed a 22.90 percent increase in sales for the time, as well as a 45.53 percent increase in profit after tax from N205.21 billion in FY 2020 to N298.65 billion in the current period.

The share prices of other firms in the SWOOT classification remained steady, and their results are reported below:

Nestle Nigeria Plc, N1,435

Despite sell-offs and buy-interests during the trading week, Nestle Nigeria Plc's share price stayed constant to conclude the week at N1,435.00 per share. The market capitalization of the Fast-Moving Consumer Goods company is currently N1.14 trillion. Nestle Nigeria Plc is one of only two firms in the NGX Consumer Goods Index with a market capitalization of over a trillion dollars.

The FY 2021 financial figures disclosed a profit of N40 billion, a marginal 2 percent gain over the prior-year period as revenue increased by 23%. The company's earnings per share for the period were N50.51, and the final dividend would be paid to shareholders at N25.50 per share

BUA Cement Plc, N70.75

BUA Cement Plc's share price remained constant, closing at N70.75 from N69.95 at the end of the trading week, with a market capitalization of N2.40 trillion.

Revenue of N70.43 billion was reported in the company's Q4 2021 financial report, up 33.15 percent from N52.89 billion in 2020. Similarly, net income climbed by N7.06 billion, or 37.60 percent, from N18.78 billion in the prior year's similar period to N25.84 billion in the current year.

Dangote Cement Plc, N273.50

The share price of Dangote Cement Plc remained constant at N273.50 at the end of the trading week, putting the company's market capitalization at N4.66 trillion. The company has a market valuation of N4.66 trillion, making it a competitor of Bua Cement Plc and Wapco Plc.

Dangote Cement Plc is the second most valuable firm on the exchange, accounting for nearly 26% of the total market capitalization of all equities worth more than one trillion dollars.

The financial results for FY 2021 have been announced, with a profit of N364 billion reported for the period, marking a 32 percent rise Y-o-Y. For FY 2021, the business has recommended a final dividend of N20.00 per share, which is a 25% increase over the N16.00 paid a year before.

Airtel Africa Plc, N1,260.00

With a market value of N4.74 trillion, Airtel Africa Plc's share price stayed constant at N1260.00 per share at the end of the trading week.

Airtel Africa Plc finished the week as the most capitalized firm on the exchange, with Dangote Cement Plc contending for the title by N74 billion.

The telecom giant Airtel Africa Plc has released its Unaudited Financial Statement for the first nine months of 2021, displaying a 22.5 percent increase in revenue from $2.85 billion in 2020 to $3.49 billion in the current period.

The nine-month net profit increased by 97.3 percent, from $261 million in 2020 to $514 million this year.

BUA Foods Plc, N61.40

The market capitalization of BUA Foods Plc was N1.11 trillion at the end of the trading week, with the share price remaining steady at N61.40.

BUA Foods is a freshly listed firm on the exchange; nonetheless, the Q4 financial results revealed a 36.37 percent increase in profit after tax from N14.81 billion in the previous quarter to N20.20 billion in the current quarter.

The FMCG company reported sales of N92.61 billion, up 39.62 percent from N66.34 billion in the same period of the previous year.