Dangote Cement
A spike in the share price of Dangote Cement (DANGCEM), and 26 others, yesterday, lifted the market capitalisation of the Nigerian Stock Exchange (NSE) by N76 billion.
Tuesday’s decline in heavyweight stocks such as; Guaranty Trust Bank, BUA, and MTNN dragged the ASI to the negative region at mid-day. However, a late spike in the share price of DANGCEM (+222bps), coupled with gains in Ardova and Unilever returned the market to a positive territory at the end of transactions yesterday.
Consequently, the All-Share Index (ASI) expands by 145.17 absolute points, representing an increase of 0.36 per cent to close at 40,295.95 points. Similarly, the overall market capitalisation value gained N76 billion to close at N21.070 trillion.