January 27, 2023



Shares of MTN, BUA Cement, others finish week on negatives

MTN Nigeria and different prime corporations quoted on the Nigerian Inventory Change closed on a unfavorable notice final week, as their share worth dropped on the shut of buying and selling final Friday.

The telecomm giants’ share worth on the finish of buying and selling week, depreciated by 6.93 per cent to shut at N200.00 per share, taking its market capitalization to N4.07 trillion on the finish of the buying and selling session of the week.

MTNN Plc is the third-most capitalized firm on the Nigerian Change Restricted (NGX).

BUA Cement share worth was down by 9.95 per cent on the finish of the buying and selling week to shut at N52.95 from N58.8 final week. The market cap additionally depreciated by N198.11 billion to shut at N1.73 trillion.

Dangote Cement Plc share worth dropped from N265 to N258.8, exhibiting a 2.34 per cent decline. Because of this the corporate misplaced N105 billion on the finish of the buying and selling week as market capitalization declined from N4.52 trillion within the earlier week

The corporate, which is a competitor of BUA Cement Plc and Wapco Plc, and probably the most capitalised cement producer on the NGX, has a complete market capitalisation of N4.69 trillion as at market shut this week.

Dangote Cement Plc is presently the second most-valued firm quoted on the trade and makes up roughly 22 per cent of the whole market capitalization of all shares value over one trillion.

In the meantime, BUA Meals Plc share worth was valued at N59.95 on the finish of the buying and selling week from N54.5 final week. In consequence, the share worth jumped from N981 billion final week to shut the week at N1.08 trillion.

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With the addition of N98 billion, a ten % improve, BUAFOODS has once more joined the trillion naira value of shares.

Airtel Africa Plc’s share worth remained unchanged to face at N1,905.4 per share on the finish of the buying and selling week, with a market capitalization of N7.16 trillion.

Airtel Africa Plc ended the week as probably the most capitalized firm on the trade as soon as once more, main the SWOOTs strongly, with MTNN, its competitor and third-most capitalised inventory, far behind.

Nestle Nigeria Plc’s share worth stood unchanged to shut the week at N1,300.00 per share, amidst sell-offs and buy-interests throughout the buying and selling week. The Quick-Shifting Client Items Firm presently has a market capitalisation of N1.03 trillion.