Dangote Cement Jumps by 11%, Reaches Highest Value in 52 Weeks
A fresh bargain hunt in Dangote Cement has lifted its market value to the highest level seen in 52 weeks. Hence, the market value of the cement company rose by about 11% week-on-week to N11.22 trillion on Friday.
The new market re-rating was driven by increased activities on the cement company with 16.873 billion shares outstanding on the Nigerian Exchange.
Its free float was 4.79% after the group bought back its shares from shareholders, reducing Dangote Cement volatility as a results of thin trading activities.
Its high shareholding concentration stemmed volatility, and each price movement became noticeable on the Nigerian Exchange given its size advantage.
Data reviewed by MarketForces Africa showed that more than 92% of Dangote Cement shares are held by Dangote Industries Limited (87.28%) and Stanbic IBTC Nominees (5.43%). The directors’ shareholdings total was 2.5%, according to details obtained from first half earnings results.
Last week, the cement company’s share price surged by 10.8333% to N665 on Friday as 1.205 million units valued at N793.487 million were transacted in the stock market. The fresh rally seen in the past weeks preceded Dangote Cement’s third quarter of financial year 2025 earnings release.
Analysts at CardinalStone Securities Limited said Dangote Cement growth momentum should extend into the third quarter of 2025, supported by resilient domestic demand and pricing stability.
Investors began to deepen their positions as the market anticipates a bumper earnings harvest in the third quarter, from low based in the comparable period in 2024.
Dangote Cement has told the Nigerian Exchange Limited (NGX) and all stakeholders that the meeting of the Board of Directors earlier scheduled for October 30, 2025, will now be held on October 27, 2025.
According to a notice released by the cement company, the board will discuss various matters, including the Unaudited Financial Statements for the quarter ended September 30, 2025.
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