The combined market capitalization of Nigeria’s Stocks Worth Over One Trillion (SWOOTs) appreciated by 2.70% to close at N18.23 trillion from N17.75 trillion the previous week. This reflects a weekly gain of N478.72 billion driven largely by positive performances from Dangote Cement Plc and MTNN Plc.
Weekly Stock Highlights:
Dangote Cement Plc – N274.80
- Share Price Change: +5.4%
- Market Cap: N4.68 trillion
- Highlight: Dangote Cement remains the second most capitalized stock, making up 25% of SWOOTs. Its Q3 2021 report showed a 16.53% rise in revenue and 4.94% net income growth (N86.62 billion).
BUA Cement Plc – N70.75
- Share Price Change: +1.1%
- Market Cap: N2.40 trillion
- Highlight: Q4 2021 results posted a 33.15% rise in revenue and 37.60% jump in net profit (N25.84 billion).
MTNN Plc – N200.30
- Share Price Change: +5.4%
- Market Cap: N4.08 trillion
- Highlight: FY 2021 results revealed a 22.9% revenue increase and 45.53% surge in profit (N298.65 billion), pushing it to the third-largest company on the NGX.
Airtel Africa Plc – N1,271.00
- Share Price: Unchanged
- Market Cap: N4.78 trillion
- Highlight: Most capitalized stock on NGX. In 9 months of 2021, revenue rose 22.5%, while net profit soared by 97.3% to $514 million.
Nestle Nigeria Plc – N1,435
- Share Price: Unchanged
- Market Cap: N1.14 trillion
- Highlight: Q3 2021 results showed 25.72% growth in revenue and 17.2% growth in profit (N11.85 billion).
BUA Foods Plc – N64.40
- Share Price: Unchanged
- Market Cap: N1.16 trillion
- Highlight: Q4 results showed a 39.62% increase in revenue (N92.61 billion) and 36.37% rise in profit (N20.20 billion).
Conclusion: The rally in SWOOTs reinforces investor confidence in heavyweight sectors, with industrial goods and telecoms driving growth.
