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The stocks worth over one trillion gained N23.32 billion in market cap – Nairametrics


The combined market capitalization of the stocks worth over one trillion (SWOOT) appreciated by 0.17% to close at N13.99 trillion from N13.96 trillion the previous week. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc.

Of the 5 stocks, Nestle Nigeria Plc depreciated by 9.10% during the week to close at N1,4000.00 from N1,540.00 per share, while MTNN depreciated by 0.1% to close at N172.00 from N172.10 per share.

However, Dangote Cement Plc appreciated by 3.3% during the week to close at N249.60 from N241.60 per share.

Nestle Nig. Plc – N1,400.00

Nestle Nigeria Plc’s share price depreciated by 9.10% from N1,540 at the start of the week, to close at N1,400.00. The Fast-Moving Consumer Goods company currently has a market capitalization of N1.11 trillion, reflecting a loss of N111 billion during the week. Nestle Nigeria Plc is the only company under the NGX Consumer goods Index to be worth over a trillion.

Investment One

In July, the Board of Nestle Nigeria Plc approved a final dividend payment of N28.14 billion representing N35.50 per share to be paid to existing shareholders for the 2020 financial year.

The company’s Q2 2021 financial result revealed a 19.07% growth in revenue from N70.7 billion recorded in Q2 2020 to N84.18 billion.

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.

MTNN Plc – N172.00

MTNN Plc’ share price ended the week at N172.00 from N172.10 at the beginning of the week. The communications company, a competitor with Airtel Nig Plc, has a total market capitalization of N3.50 trillion, reflecting a depreciation of N2.00 billion from the previous week and N682 billion higher than Airtel Nig’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 has 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 has approved an interim dividend of N4.55kobo to existing shareholders, to be paid on the 27th of August, 2021.

Dangote Cement Plc – N249.60

Dangote Cement Plc’s share price advanced week-on-week to close at N249.60 from N241.60 per share in the previous week. The company, which is a competitor with BUA Cement Plc and Wapco Plc has a total Market capitalization of N4.25 trillion from N4.12 trillion in the previous week.

During the month, the FMDQ Exchange admitted Dangote Cement Plc Series 1 Bond on its platform. The exchange approved the listing of the Dangote Cement Plc ₦3.64 billion Series 1 (Tranche A), ₦10.45 billion Series 1 (Tranche B) and ₦35.91 billion Series 1 (Tranche C) Fixed Rate Bonds under its ₦300.00 billion Multi-Instrument Issuance Program on the FMDQ.

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.

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

BUA Cement Plc – N68.00

BUA Cement Plc remained unchanged with a market capitalization of N2.30 trillion at N68 per share.

Jaiz bank

The cement producer, a competitor of Dangote Cement and Lafarge Africa Plc, has announced plans to increase its capacity for production to meet rising demands. The Chairman of the company, Rabiu Abdulsamad, called for new market participants to take position in the industry to further meet demands within and outside the country.

The company released its financial report for Q2 2021, reporting a 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.

Airtel Nig Plc – N750.00

Airtel Nigeria Plc started the trading week with a market capitalization of N2.82 trillion at N750.00 per share and remained unchanged at the end of the week.

Last month, the company announced the signing of an agreement under which Qatar Holding LLC, an affiliate of the Qatar Investment Authority (QIA). The company will invest $200 million in Airtel Mobile Commerce BV, a subsidiary of Airtel Africa Plc.

The company’s Q2 2021 unaudited results for the period ended June 30th, 2021 shows a profit before tax of 133% to $259 million while profit after tax went up by 149% to $142 million. Airtel Africa Plc announced a net profit of $142 million in the Q1 period of 2021.


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