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    Dangote Cement Loses 10% of Market Valuation

    Olu AnisereBy Updated:No Comments2 Mins Read
    Dangote Cement Loses 10% of Market Valuation
    Aliko Dangote, Chairman, Dangote Group

    Dangote Cement Loses 10% of Market Valuation

    Equity investors in the Nigerian Exchange (NGX) have priced down Dangote Cement Plc (Ticker: DANGCEM) by 10%, dropping below N250 per share from its peak price in May 2022.

    Consequently, the company’s valuation dipped to N4.7 trillion as investors engage in selling rallies in the local bourse on Monday.

    In the last 1-month, Dangote cement has lost 16.90%, according to stock market data quoted on stock screening platform TradingView while the technical rating indicates a strong sell. The market may not be able to stop the drop this week due to weaker than expected market sentiment.

    This signifies the new week may be rough for the top member of the cement oligarch after losing N27.70 from N277. Shares of Dangote Cement had peaked at N300, thus lifting its market valuation above N5 trillion, trailing Airtel Africa in the Nigerian local bourse as the second largest. READ: Naira Lost Against Dollar as External Reserves Declined

    The cement company sees its share price jumping and pumping following share buyback that had stemmed volatility in the equity market. More than 85% of the 17 billion outstanding shares are held by Dangote Industries Limited. # Dangote Cement Loses 10% of Market Valuation

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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