Dangote Cement sees biggest gain in 4yrs on scramble for MTN

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Dangote Cement plc (DANGCEM), the most capitalised company on the Nigerian Stock Exchange (NSE), recorded its biggest gain in over four years on Wednesday. Many analysts had expected that MTN Nigeria would overtake DANGCEM as the most capitalised stock on the bourse if not for the renewed interest in the cement company’s shares witnessed yesterday….

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Dangote Cement sees biggest gain in 4 years as MTN share scarcity persists

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Dangote Cement Plc, the biggest company on the Nigerian Stock Exchange (NSE) by market capitalization, recorded its biggest gain in over four years.

The stock rose by 9.73 percent to close at N203 on Wednesday, the biggest gain recorded by the cement giant at the domestic bourse since April 1, 2015

Since the listing of MTN Nigeria on the NSE on Thursday, many investors have been unable to purchase the shares of the telecoms company.

 

Oluwasegun Olakoyenikan

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MTNN, Dangote Cement push NSE-ASI back above 30,000 points mark

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The Nigerian bourse extended its positive rally today, helped by price appreciation in MTN Nigeria (MTNN) and Dangote Cement (DANGCEM) stocks.

Industrial Goods, Banking and Oil and Gas sector also recorded positive sentiment.

The All Share Index (ASI) gained 844.74 absolute points, representing a growth of 2.88 percent to close at30,218.14 points. Similarly, Market Capitalization grew by N372.07 billion, representing an increase of 2.88 percent to close at N13.31 trillion.

MTNN emerged the top gainer while LIVESTOCK emerged as top loser.

 

ENDURANCE OKAFOR

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