Stocks worth over one trillion (SWOOT) listed in the NGX recorded N17.9 trillion capital gains in the first quarter of 2024.
This represents a 57.4% growth from the N31.2 trillion recorded at the start of the quarter under review.
The biggest gainer in the period under review in terms of value was Dangote Cement, which recorded a capital gain of N6.3 trillion during the quarter, marking a 115% gain in its market cap.
On the other hand, MTN Nigeria was the biggest loser, recording a 12% decline in its market cap from N5.5 trillion to N4.9 trillion.
During the quarter, there were four new additions to the SWOOT category, as their number increased from eight to twelve. The new entrants to the category were Transcorp Hotels Plc, Transcorp Power Plc, Geregu Power Plc, and FBN Holdings Plc.
In Q1 2024, NGX recorded a 39.84% gain, as the All-Share Index appreciated from 74,773.77 points to close the quarter at 104,562.06 points, representing a 29,788.29-point gain. NGX’s market capitalization also appreciated by N18.21 trillion.
Older members of the SWOOT category are;
The top five SWOOT performers during the quarter were