Tag
DANGOTE CEMENT
The combined market capitalization of stocks worth over one trillion (SWOOTs) depreciated by 2.54% to close at N19.54 trillion from N20.05 trillion the previous week.
The cement firms include Dangote Cement Plc, BUA Cement Plc and Lafarge Africa Plc.
Dangote Cement completed Tuesday's trading at N241.00 a share, down by 9.06%, thus causing the billionaire to suffer a daily loss of $863 million.
The Nigerian stock market closed negative amidst buy-interests and sell-offs as bears dominated proceedings for the sixth consecutive day.
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% week on week.
CEO of Dangote Cement has revealed that his company is ramping up production in its Okpella plant in Nigeria and progressing well to deploy grinding plants in Ghana and Cote d’Ivoire.
Nairametrics presents the ranking of the most valuable listed companies in Nigeria as of the end of July 2022.
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.
The combined market capitalization of SWOOTs depreciated by 0.13% to close at N20.71 trillion from N20.74 trillion the previous week, reflecting a decline of N26.46 billion.
Dangote Cement Plc has entered into a partnership with UNEP and National Environmental Standards and NESREA to promote environmental sustainability.
Airtel Africa led the SWOOTs strongly, with MTNN, its competitor and second-most capitalized stock, far behind.
Past winners of the Dangote Cement consumer promo have commended the company for the positive economic and social impact of the promo on their livelihoods and wellbeing.