Dangote Cement Surges as Investors Sentiment Improves
Dangote Cement Plc’s market value surged in the equities market as investors sentiment improved on the stock on Wednesday. The cement company’s share price climbed by 4.5% to close the day at N438.90 as 572,359 units valued at more than N247 million exchanged hands in the local bourse.
The price uptick boosted the market value of Dangote Cement Plc’s 16.873 billion shares outstanding on the Nigerian Exchange to N7.405 trillion, according to trading data.
Analysts are expecting investors to position themselves ahead of the second quarter of 2025 earnings. In its equities review, Cordros Securities Limited upgrades Dangote Cement Plc to a “BUY” rating, reflecting expectations for EBITDA margin expansion, a decline in FX losses, and earnings acceleration.
In its industry outlook, analysts said they anticipate an uptick in cement volumes in 2025, driven by increased government infrastructure spending and a gradual recovery in private real estate investment.
The implementation of public-private partnership (PPP) frameworks for major road and infrastructure projects is expected to enhance execution with a positive ripple effect on demand, the investment firm stated.
