Dangote Cement Hits 52-Week High, Value Nears N10trn
Dangote Cement Plc share price hit its highest level in the last 52 weeks, according to trading details from the Nigerian Exchange (NGX) platform. The stock surged by 9.22% to N577 in the equity market at the beginning of the week as the cement company’s earnings boosted investors’ sentiment.
Dangote Cement Plc’s share price increased as investors transacted 2.904 million units valued at N1.583 billion in the local bourse.
The market now valued the cement company’s 16.873 billion shares outstanding at N9.736 trillion, its highest market capitalization in 52 weeks. In the first half of 2025 earnings release, Dangote Cement Plc reported that its earnings rose to N520.5 billion, 174.1% above N189.90 billion the group posted in the comparable period.
Analysts said its bumper earnings was the result of improved pricing in Nigeria, modest cost growth, and a swing to FX gains, which helped offset continued pressure across Pan-African operations.
“Cement price is expected to remain elevated, while Nigerian volumes should benefit from rising public and private sector demand, alongside growing export activities,” analysts at CardinalStone Securities Limited said in a review note.
They also noted that margins are also likely to stay firm, supported by lower material costs—likely reflecting better procurement, input efficiencies, and continued progress on energy-saving initiatives.
Earnings performance outlook remains positive as Dangote Cement’s phased rollout of an additional 1,600 CNG-powered trucks is set to reduce logistics costs further in the coming quarters. #Dangote Cement Hits 52-Week High, Value Nears N10trn Naira Gains as Nigeria’s External Reserves Hit 6-Month High
