• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

NESTLE, MTN drive SWOOTs capitalization down by N724 billion w-o-w

Zainab Iwayemi by Zainab Iwayemi
July 31, 2022
in Stock Market
The SWOOTs lose 0.35% in market capitalization to N13.42 trillion
Share on FacebookShare on TwitterShare on Linkedin

The combined market capitalization of stocks worth over one trillion (SWOOTs) depreciated by 3.49% to close at N20.01 trillion from N20.74 trillion the previous week, reflecting a decline of N723.86 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc.

Stock Performance

MTNN Plc – N200.10

  • MTNN Plc’s share price closed at N200.10 at the end of the trading sessions of the week to reflect a decline of 13.11% week-on-week. This means that the total amount lost by investors was N614 billion, causing a dip in the market capitalization of the company.
  • The communications company, a competitor of Airtel Nigeria Plc, has a total market capitalization of N4.07 trillion.
  • MTNN Plc is now the third-highest in market value on the Nigerian Exchange Limited (NGX). The company released its H1 2022 financial result, reflecting a 20.07% growth in revenue for the period, while profit after tax grew significantly by 28.06% from N141.82 billion in H1 2021 to N181.62 billion in the current period.

Nestle Nigeria Plc – N 1,262.3

  • Nestle Nigeria Plc’s share was down by 9.84% to close the week at N1,262.3 per share, amidst sell-offs and buy-interests during the trading week. The Fast-Moving Consumer Goods company currently has a market capitalization of N1 trillion.
  • Nestle Nigeria Plc is now the only company under the NGX Consumer goods Index to be worth over a trillion, following the exit of BUA Foods from the SWOOTs category.
  • The H1 2022 financial result revealed a profit of N27.74 billion, representing a 28% increase from the prior-year period as revenue grew by 30% from N171 billion to N222 billion. Earnings per share for the period was at N12.33.

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

RelatedStories

Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

Select SWOOTs soar as All-Share nears 120,000; OKOMUOIL trades N3.2 billion value 

June 25, 2025
cement sales, MAN

Analysts upgrade Dangote Cement’s 2025 sales forecast to N4.2 trillion, recommend target price for investors 

June 24, 2025

Airtel Africa Plc – N1,905.40

  • Airtel Africa Plc’s share price remained unchanged during the week to stand at N1905.4 per share at the end of the trading week, with a market capitalization of N7.16 trillion.
  • As the most capitalized company on the exchange once again, it led the SWOOTs strongly, with MTNN, its competitor as the second-most capitalized stock, far behind.
  • The telecom giant released its Unaudited Financial Statement for the quarter ended June 2022 revealing a 13% growth in revenue from $1.11 billion in 2021 to $1.26 billion in the current period.
  • The profit after tax for the period also appreciated significantly by 25.3% from $142 million in 2020 to $178 million.

BUA Cement Plc – N69.30

  • BUA Cement Plc’s share price close the week flat at N69.3, retaining its market capitalization at N2.35 trillion at the end of the trading week.
  • The company’s H1 2022 financial report revealed a revenue of N9186.56 billion, reflecting a growth of 45% from N124.28 billion in 2021. Similarly, profit after tax increased by N7 billion, reflecting a 34% increase from N21.02 billion recorded in the corresponding period of 2021, to N28.22 billion in the current period.

Dangote Cement Plc – N265.00

  • Dangote Cement Plc’s share retained its share price at N265.00 as it traded flat during the week. The company, which is a competitor of Bua Cement Plc and Wapco Plc, and the most capitalized cement producer on the NGX, has a total Market capitalization of N4.51 trillion.
  • Dangote Cement Plc is the third most-valued company quoted on the exchange and makes up roughly 22% of the total market capitalization of all stocks worth over one trillion.
  • The Q1 2022 financial result revealed a profit of N105.85 billion during the period, representing an 18% increase Y-o-Y. Meanwhile, Revenue for the period stood at N413.18 billion, a 24.20% increase from the corresponding period of 2021.

Follow us for Breaking News and Market Intelligence.
Tags: AIRTELAFRICABUA CementDangote cementFeaturedMTNN PlcNestleSWOOTS
Zainab Iwayemi

Zainab Iwayemi

For further inquiries about this article, contact: Email: zainab.iwayemi@nairametrics.com Twitter: @IwayemiZainab LinkedIn: Zainab Iwayemi

Related Posts

Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

Select SWOOTs soar as All-Share nears 120,000; OKOMUOIL trades N3.2 billion value 

June 25, 2025
cement sales, MAN
Equities

Analysts upgrade Dangote Cement’s 2025 sales forecast to N4.2 trillion, recommend target price for investors 

June 24, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

BUA Cement gains over 7% as Nigerian stock market conquers new territory 

June 13, 2025
Tetracore and Dangote Cement boost partnership to expand CNG Autogas Network with commissioning of new mobile refueling units in Phase II rollout
Companies

Tetracore and Dangote Cement boost partnership to expand CNG Autogas Network with commissioning of new mobile refueling units in Phase II rollout

June 10, 2025
 Dangote Cement rewards distributors, customers with CNG-Trucks, cash gifts worth N11 billion 
Companies

 Dangote Cement rewards distributors, customers with CNG-Trucks, cash gifts worth N11 billion 

May 29, 2025
Dangote Cement
Dividends

Dangote Cement named dividend paying company of the year, edges out two other heavyweights 

May 25, 2025
Next Post
Abuja property market will become a major contender with Lagos in 5 years – Festus Adebayo, CEO, Africa International Housing Show 

Abuja property market will become a major contender with Lagos in 5 years - Festus Adebayo, CEO, Africa International Housing Show 

Comments 1

  1. Naija Marketplace says:
    July 31, 2022 at 1:39 pm

    Great insights.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Williams Fatayo exits as CEO of Nigerian startup truQ over leadership dispute
  • NDLEA arrests drug kingpin, intercepts 722,875 opioid pills, cocaine in Lagos
  • Climate change threatens global data centres, may cause billions in damages—Report  

Follow us on social media:

Recent News

Williams Fatayo exits as CEO of Nigerian startup truQ over leadership dispute

Williams Fatayo exits as CEO of Nigerian startup truQ over leadership dispute

July 13, 2025
NDLEA arrests drug kingpin, intercepts 722,875 opioid pills, cocaine in Lagos

NDLEA arrests drug kingpin, intercepts 722,875 opioid pills, cocaine in Lagos

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics