Dangote Cement hits N13trn market cap, as shares soar by 138.5%

Dangote Cement Plc continued its profitable run as the market capitalisation of the conglomerate hit N13 trillion on Monday.

The cement giant achieved this feat after investors’ interest pushed the price to new high of N763, up by N68.90 or 9.93 percent as against preceding day’s N694.10. Dangote Cement has 17,040,507,405 shares outstanding, each valued at N763 as at close of trading on Monday.

This is as the NGX All-Share Index (ASI) alsl advanced by 2.22 percent, closing at 104,674.67 basis points, compared to the previous day’s gain of 0.25 percent, which closed at 102,401.88 basis points.

The market’s year-to-date (YtD) return stood at +39.99 percent at the close of trading.

Leading the pack of 155-member listed companies returns this year are stocks like Dangote Cement, Wema Bank and Transcorp.

Dangote Cement has so far witnessed a surge of 138.5 percent year-to-date.

On the other hand, Transcorp has risen this year by 84.6 percent, Wema (+92.3 percent), and Dangote Cement (+138.5 percent).

The total volume traded advanced by 32.84 percent to close at N689.93m, valued at N25.94bn and traded in 15,887 deals. JAPAULGOLD was the most traded stock by volume with N83.86m units traded, while DANGCEM was the most traded stock by value with N8.58bn units traded.

The Gote Index advanced by 9.01% to close at 414.11, while the Toni index declined by 1.56 percent to close at 659.97 basis points.

At the close of trading, the market recorded 25 gainers, 38 losers, and 62 unchanged. OANDO topped the gainer’s list, while DAARCOMM topped the list of losers.