Dangote Share Price Ends Trading Week At N266.90 To Gain N32.37bn


Dangote Cement Plc’s share price ended the week at N266.90 from N265.00 at the end of the last trading week to gain N32.37 billion. 

The company, which is a competitor of Bua Cement Plc and Wapco Plc, and the most capitalized cement producer on the NGX, has a total Market capitalization of N4.54 trillion as of market close this week. 

NewsBeatng reports that Dangote Cement Plc is the third most-valued company quoted on the exchange and makes up roughly 23% of the total market capitalization of all stocks worth over one trillion. 

The Q3 2022 financial result revealed a profit of N40.50 billion, representing a 52.67% dip from the N86.6 billion Y-o-Y. Meanwhile, revenue for the period stood at N369.21 billion, an 11.3% increase from the corresponding period of 2021. 

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