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Stock market: Dangote Cement's market capitalization reaches 10 trillion naira

24/01/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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At the close of trading on Monday, January 22, Dangote Cement's market capitalization reached 10,000 billion naira. The company is the first to take this step on the Nigerian stock exchange

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Dangote Cement closed its negotiations with a market capitalization of 10.098 billion naira after earning 917 billion naira. The company replaces AirtelAfrica style="font-family: "Bookman Old Style”, "serif">as the most capitalized stock on the local stock exchange this month. In terms of capital gains, investors in shares in Dangote Cement saw their wealth increase by 85.25 percent. Its share price at the close of trading on Monday was N592.60 per unit. The company closed in 2023 with a market capitalization of 5.451 billion naira

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