SWOOTs capitalization up by N409 billion

The market value of all stocks with a market capitalization of $1 billion (SWOOTs) or more increased by 2.15% to close at N19.46 trillion, up from N19.05 trillion the previous week, a gain of $408.79 billion.

The following stocks are included under this heading: MTNN Plc, AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, and BUA FOODS.

The detailed SWOOTs performance for the trading week that ended on Friday, December 9, 2022, is highlighted below.

Bua Cement Plc – N91.70

At the conclusion of the trading week, Bua Cement’s share price increased by 19.09% to N91.70 from N77 at the end of the previous week, and its market cap increased to N3.11 trillion from N2.61 trillion, a gain of N497.81 billion.

Revenue during the third quarter of 2022 was N74 billion, up 18.21% from N62.63 billion in the previous quarter. While this was going on, earnings after tax decreased by N9.86 billion, or 44%, from N22.51 billion in the comparable period of 2021 to N12.65 billion in the current quarter.

MTNN Plc – N215.00

At the conclusion of the trading week, the share price of MTNN Plc decreased by 2.27% to close at N215.00 a share, bringing its market capitalization to N4.37 trillion. The overall market capitalization of MTN, an opponent of Airtel Nig Plc, is N1.22 trillion less than the present market value of Airtel Africa.

The third-highest capitalized corporation on the Nigerian Exchange is MTNN Plc (NGX). The corporation announced its financial results for the third quarter of 2022. Revenue increased by 21.9% to N504.8 billion from N414.05 billion, while profit after tax increased by 11.4% from N78.48 billion in the first half of 2021 to N87.41 billion in the current quarter.

know that the share price of other companies under the swoots capitalization remains unchanged.

Dangote Cement Plc – N262.30

The closing share price for Dangote Cement Plc was N262.30, matching the previous trading week’s closing price.

As of this week’s market closing, the company, which competes with Bua Cement Plc and Wapco Plc and is the most capitalized cement maker on the NGX, has a total market capitalization of N4.47 trillion.

As the second most valuable firm listed on the exchange, Dangote Cement Plc accounts for over 22% of the market capitalization of all equities with a market value of over one trillion dollars.

The profit for the third quarter of 2022 was N40.50 billion, down 52.67% from N86.6 billion year over year. In the meantime, revenue for the time period was N369.21 billion, up 11.3% from the same period in 2021.

READ ALSO: As the NGX closes bearish, the market cap decreases by N40 billion.

BUA Foods Plc – 63.4

The closing share price of BUA Foods Plc was N63.40, maintaining the previous week’s closing price. Similarly, at the conclusion of the trading week, the market cap was N1.41 trillion.

In the first nine months of 2022, BUA Foods reported a net profit after tax of N68.76 billion, a 17.2% increase above N58.7 billion. From N241 billion in the same time the previous year, revenue for the period increased to N290 billion.

Airtel Africa Plc – N1,488.00

At the end of the week, the share price of Airtel Africa Plc closed at N1,488.00, the same level as the previous week.

Once again dominating the SWOOTs, Airtel Africa Plc completed the week as the exchange’s most capitalized business, trailing only far behind its rival and third-placed stock, MTNN.

The telecom behemoth published its financial statement for the first half of the year ending September 2022, showing a profit after tax of $330 million, down 1.5% from the prior period due to increased foreign exchange and $160 million in derivative losses.

Similar to this, it reported strong revenue growth in constant currency for all four reporting segments, with Mobile Services revenue increasing in Nigeria by 19.7%, East Africa by 12.4%, and Francophone Africa by 12.1% (and overall by 15.6%, voice revenues rising by 12.0% and data revenue increasing by 22.1%).