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Nairaland Forum / Nairaland / General / Business / Dangote Cement Boosts Nigerian Stock Market By N16.23bn (6911 Views)
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Dangote Cement Boosts Nigerian Stock Market By N16.23bn by MyVc: 8:31pm On Oct 10, 2019 |
Tradings on the Nigerian Stock Exchange (NSE) closed bearish on Thursday 10th October 2019 as key market growth indices continue tanking. The negative trend was as a result of major losses incurred by Custodian Plc, Flour Mills, Ecobank, UBA, and Fidson Healthcare. They depreciated by -5.83%, -1.67%, -2.63%, -1.67%, and -1.37% respectively . The NSE All-Share Index (ASI) dips marginally by -0.06% to close at 26,598.94 basis points. The NSEASI Year-to-Date currently stands at -15.42%. The NSE Market Capitalization declined by N7.39 billion for the day to close at N12.94 trillion. A total number of 363.26 million shares units exchange hands in 2,650 deals worth N19.01 billion. Dangote Cement was the most traded stock for the day. The industrial goods firm traded heavily for the day. Dangote Cement led the volume and value activities charts for the day. The firm transacted 114.69 million shares units worth N16.63 billion. The main reason for the high voluminous trade is because Dangote Cement is currently trading at a 52 week low. The Pan-African giant shares price currently stands at N145. Access Bank Plc transacted 80.66 million shares units valued at N592.73 million. First City Monument Bank completed the top three traded stocks for the day. The lender sold 51.64 million shares units worth N82.63 Million. Dangote Cement, Access Bank, and Zenith led the top three traded stocks by value. They added N16.63 billion, N592.73 million, and N314.69 million respectively to the total market equity. Learn Africa Plc was the best-performing stock for the day. The stock appreciated by 9.82% to close at N1.23. Livestock Feeds Plc was up by 9.30% to close at 47 Kobo. United Capital Plc completed the top three gainers for the day. The stock advanced by 7.50% to close at N2.15. On the flip side, Wapic Insurance Plc was the worst-performing stock for the day. The stock declined by -8.57% to close at 32 Kobo. Linkage Assurance Plc depreciated by -7.84% to close at 47 Kobo. Custodian Investment Plc rounded the top three losers for the day. The stock went down by -5.83% to close at N5.65. Source: https://financialmetricsnigeria.com/dangote-cement-boosts-nigerian-stock-market-by-n16-23bn/ Cc: Lalasticlala, Mynd44, Dominique, and MissyB3. 1 Like
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Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by momodub: 9:48pm On Oct 10, 2019 |
Nice one let me check my old share if it's gone up 1 Like 1 Share |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Kendumazy(m): 9:48pm On Oct 10, 2019 |
Dangote baba! Nigeria Economy Godfather. Nice one Danbaba. 1 Like |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by FuckDaMods: 9:49pm On Oct 10, 2019 |
The innocent lives his trucks has been taking as finally paid off for the umpteenth time. Blood money |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by ayomide8990(m): 9:49pm On Oct 10, 2019 |
I wonder Nigeria without Dangota. 1 Like 1 Share |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by UnknownJr: 9:49pm On Oct 10, 2019 |
Wow, Dangote still dey find money o. |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by ainas247: 9:50pm On Oct 10, 2019 |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by ForeThinker: 9:50pm On Oct 10, 2019 |
Billionaire boys club
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Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Sirvolga(m): 9:51pm On Oct 10, 2019 |
God bless my dear NIGERIA |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Opexzy: 9:51pm On Oct 10, 2019 |
UnknownJr:Nigeria without Dangote, is a Nigeria free of unreasonable monopoly... 2 Likes |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by AfroKnight: 9:52pm On Oct 10, 2019 |
The biggest investor in Nigeria today. What a mantle to wear. |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Kennitrust(m): 9:52pm On Oct 10, 2019 |
What I still failed to understand about this Dangote cement is... These cement doesn't have so much competition in here Nigeria and and goods is surplus but the price does not still drop. Why is so... Can someone, please, help explain? 3 Likes 1 Share |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by tpadua22(m): 9:52pm On Oct 10, 2019 |
Dangote was my uncle before, I willingly disowned him... 2 Likes 1 Share |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Sunofgod(m): 9:56pm On Oct 10, 2019 |
52 week low? Na wa ohh.....Buharism. |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by OakConsultNG: 9:56pm On Oct 10, 2019 |
Nice development � Did you know you can get your business registered for as little as 23 thousand naira? Well, check our profile for contact details to enjoy this offer. |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by vickyhow(m): 9:57pm On Oct 10, 2019 |
tpadua22: See ur chapped lips and yellow teeth 1 Like |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Cirphrank(m): 10:00pm On Oct 10, 2019 |
This is good. 1 Like 1 Share |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by PureGoldh(m): 10:02pm On Oct 10, 2019 |
Nice one |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Orissodiq: 10:04pm On Oct 10, 2019 |
Imagine the kind of country we will have if every of our pot belly politicians invest in Nigeria like this man and employ people 1 Share
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Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Thisis2raw(m): 10:10pm On Oct 10, 2019 |
And his truck has killed more people than Aids |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by ubox: 10:11pm On Oct 10, 2019 |
ayomide8990:That's why we need Innosson or other Nigerian conglomerates to Break even, everyone will be a winner. 1 Like 1 Share |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by netflicks(m): 10:26pm On Oct 10, 2019 |
Kennitrust: Even dangote cement is sold cheaper in other countries...the man just dey rob us dey form business man... 2 Likes |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Gabson001(m): 10:34pm On Oct 10, 2019 |
Hustle o |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by YorubaNinja: 10:36pm On Oct 10, 2019 |
For educational and empowering stuff like this affecting the economical climate of Nigeria, you won't see much comments... It shows the intellectual capacity of the average Nigerian youth. They're not well informed about the real factors affecting their futures. Yet, they blame the gov't for everything. Now if it was BB9ja.... haba.. comments go don full ground. Foolish Nigerian Youths... You've all sold your rights and futures to these old Political Fools... keep it up! They'll keep deciding your fates and futures for you. 2 Likes |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by KayCee92(m): 11:55pm On Oct 10, 2019 |
FuckDaMods: Please na, just shut up na.... please |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by debaj10: 12:04am On Oct 11, 2019 |
Kennitrust:it's called monopoly. especially when backed by govt. aka, benefitting from d suffering of others. just like our politicians. |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Nine2Five: 1:10am On Oct 11, 2019 |
Nigeria Busy with tax raise why Unemployment rate keeps dropping in the US...[b] How do you explain it. I am yet to see any cause geared towards reduction of unemployment rate in Nigeria. Please if there iis any, that is successful with statistics and has been consistent, kindly point me to that direction. Read more on this here...https://www.9to5.com.ng/2019/10/10/the-us-unemployment-rate-dropped-to-a-50-year-low-at-3-5/
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Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Yamleg: 1:39am On Oct 11, 2019 |
Monopolistic stupid man, Dangoat. |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by Deepfreezer(m): 6:37am On Oct 11, 2019 |
His competitors have been eliminated, ibeto cement was doing real good before he got shut down. BUA has never been a competition. |
Re: Dangote Cement Boosts Nigerian Stock Market By N16.23bn by abdulkayus(m): 9:34am On Oct 11, 2019 |
Deepfreezer: BUA is a competition up north here. I don't agree with the notion that Dangote monopolies the cement industry cos apart from Dangote cement, we have BUA, Lafarge, Sokoto Cement and one northern cement like that and they are all doing well, but it is just that Dangote cement is the biggest of them all. |
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