Dangote Cement gains over N25bn in value as stock market closes bullish

 Dangote Cement Plc, the most capitalized company on the Nigerian Exchange, today recorded a growth in share price taking the price to N256.50, slightly appreciating by 0.59%.

The cement producer traded the highest in value of N726.27 million as the company’s market value today appreciated by N25.56 billion at the end of the trading session.

The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 10 basis point.

The NGX ASI closed at 42,394.71 points, to reflect a growth of 0.10% from the previous trading day and a Year-to-Date (YTD) return of 5.27%. Meanwhile, the market capitalization increased by N21.61 billion.

At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 142,171,655 shares in 3,749 deals, corresponding to a market value of NGN 2,485,972,227.73, were traded. Compared with the previous NGX trading day (Friday, December 17), today’s data shows 58% decline in volume, 30% decline in turnover, but 23% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 22.1 trillion.

In the aggregate, 103 NGX equities participated in trading, ending with 21 gainers and 11 losers. Neimeth International Pharma led the gainers with 9.82% share price appreciation closing at NGN 1.79 per share, followed by UPDC (+9.43%), Royal Exchange (+8.7%) and Mutual Benefits Assurance (+7.69%). On the losing side, C&I Leasing came out last with an end-of-day price depreciation of 8.7% at NGN 4.20 per share, followed by Consolidated Hallmark Insurance (-6.9%), Wapic Insurance (-5.88%) and Lasaco Assurance (-5.45%). FBN Holdings recorded the highest volume of 20.2 million traded shares, followed by Guaranty Trust Holding (10.6m), Sovereign Trust Insurance (10.1m) and Mutual Benefits Assurance (9.36m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 41.4 (0.1%) points to close at 42,394.71, representing a 1-week loss of 0.04%, a 4-week loss of 2%, but an overall year-to-date gain of 5.27%. Other remarkable indices that performed were the NGX Top 50 Index (+0.36%; +0.19% 1WK; +2.32% YTD), NGX Premium Index (+0.09%; -0.06% 1WK; +17.62% YTD), NGX Top 30 Index (+0.09%; -0.04% 1WK; +4.08% YTD), NGX Industrial Index (+0.31%; +0.03% 1WK; +1.72% YTD), NGX Banking Index (+0.29%; -1.07% 1WK; +0.9% YTD), and NGX Pension Index (+0.2%; +0.23% 1WK; +15.4% YTD).

Top gainers

NEIMETH up +9.82% to close at N1.79

UPDC up +9.43% to close at N1.16

ROYALEX up +8.70% to close at N0.75

MBENEFIT up +7.69% to close at N0.28

REGALINS up +7.32% to close at N0.44

Top losers

CILEASING down –8.70%to close at N4.20

CHIPLC down –6.90% to close at N0.54

WAPIC down – 5.88% to close at N0.48

LASACO down – 5.45% to close at N1.04

NAHCO down –3.48% to close at N3.33

 Top Traded by Volume

FBNH – 20,189,929 units

GTCO – 10,574,851 units

SOVERNINS – 10,106,000 units

MBENEFIT – 9,364,102 units

AIICO – 8,839,824 units

 Top Traded by Value

DANGCEM – N726,271,620.40

MTNN – N357,197,033.70

GTCO – N270,907,228.25

FBNH – N244,717,407.85

SEPLAT – N223,652,685.30