Cement businesses Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc at the end of the first quarter of 2024 reported a combined gain of over N7.921 trillion.
This was stated in the trading statistical report of these enterprises, which include as recorded by BusinessWorld.com.
The companies’ shares crushed current profitable hurdles similar as rising affectation, a declining exchange rate, and continuing security fears.
The underpinning sanguinity redounded in significant shifts in copping with the All- Share Index closing at 104,562.06 indicator points at the end of the quarter. likewise, the NGX All- Share Index’s time- to- date( YTD) return is 39.84, demonstrating its robustness.
Despite rising affectation, implicit interest rate hikes, and changeable exchange rates, investor confidence in Nigeria’s equities request has remained remarkably stable.
This unshakeable confidence has boosted request exertion and increased buying engagements.
According to Business world, Dangote Cement Plc, one of the main cement directors listed on the Nigerian Exchange Group Plc’s( NGX) artificial goodssub-sector, led with a gain of around N6.250 trillion during the first quarter of the time.
During the review period, the cement stock increased by114.66 to close at N686.70 per share and N11.701 trillion in request value, over from N319.90 and N5.451 trillion when it first traded in January, performing in a gain of N6.250 trillion.
BUA Cement Plc, which was also listed in the NGX’s artificial productssub-sector, gained around N1.565 trillion during the same period.
Its stock price increased by 47.6 to N143.20 a share and N4.849 trillion in request capitalization, over from N97.00 and N3.284 a trillion at the launch of trading in January 2024.
Lafarge Africa lagged with a modest20.79 increase to N38.05 per share and N612.901 billion in request capitalisation, over from N31.50 and N507.395 billion at the launch of the trading time.
