The combined market capitalisation of stocks worth over one trillion (SWOOTs) appreciated by 0.21 per cent to close at N20.05 trillion from N20.01 trillion the previous week, reflecting a growth of N42.15 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc.

MTNN Plc’s share price closed at N214.9 at the end of the week’s trading sessions to reflect a growth of 7.40 per cent week on week. This means that the total amount gained by investors was N301 billion, causing a rise in the company’s market capitalisation.

The communications company, a competitor of Airtel Nig Plc, has a total market capitalisation of N4.37 trillion, N2.79 trillion lower than Airtel Africa’s current market value.MTNN Plc is the third-highest in market value on the Nigerian Exchange Limited (NGX). The company released its H1 2022 financial result, reflecting a 20.07 per cent growth in revenue for the period, while Profit After Tax grew significantly by 28.06 per cent from N141.82 billion in H1 2021 to N181.62 billion in the current period.

Nestle Nigeria Plc’s share was up by 2.99  per cent to close the week at N1,300 per share, amidst sell-offs and buy-interests during the trading week. The Fast-moving consumer goods company currently has a market capitalisation 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 N27.7 billion, representing a 28 per cent increase from the prior-year period, as revenue grew by 30 per cent from N171 billion to N222 billion. Earnings per share for the period was at N12.33.

BUA Cement Plc’s share price close the week flat at N58.8, a 15.15 decline from N69.3 last week while the market capitalisation stood at N1.99 billion, from N2.35 billion the previous week.The company’s H1 2022 financial report revealed revenue of N188.56 billion, reflecting a growth of 51.72 per cent from N124.28 billion in 2021. Similarly, Profit After Tax increased by N17.97 billion, reflecting a 41 per cent increase from N43.40 billion recorded in the corresponding period of 2021, to N61.36 billion in the current period.

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 capitalisation of N7.16 trillion.As the most capitalised company on the exchange once again, it led the SWOOTs strongly, with MTNN, its competitor as second-most capitalised stock, far behind.

The telecom giant released its Unaudited Financial Statement for the quarter ended June 2022 revealing a 13 per cent 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 per cent from $142 million in 2020 to $178 million.

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 capitalised cement producer on the NGX, has a total Market capitalisation of N4.51 trillion.Dangote Cement Plc is the third most-valued company quoted on the exchange and makes up roughly 22 per cent of the total market capitalisation of all stocks worth over one trillion.

The H1 2022 financial result revealed a profit of N172.10 billion, representing a 33.83 per cent increase Y-o-Y. Meanwhile, Revenue for the period stood at N808.04 billion, a 17.01 per cent increase from the corresponding period of 2021.