High speculation in the shares of Dangote Cement Plc recently raised the volume and value of transactions at the stock market notwithstanding the continued dominance of the bears. The volume and value of trading rose by 49.5 per cent and 290 per cent respectively, to 363.2 million shares worth N19 billion. Dangote Cement Plc estimated 114.7 million shares valued at N16.6 billion.

Despite the high market turnover, the Nigerian Stock Exchange (NSE) All-Share Index fell by 0.06 per cent to close at 26,583.75, while the market capitalisation shed N7.4 billion to close at N12.9 trillion.

The market has remained bearish as investors adopt cautious trading awaiting major stimulus and corporate earnings report for the third quarter. Year-to-date, the market has declined by 15.4 per cent.

A total of 15 stocks lost value yesterday while only eight appreciated. WAPIC Insurance Plc led the price losers with 8.5 per cent, followed by Linkage Assurance Plc with 7.8 per cent. Custodian Investment Plc shed 5.8 per cent, while Honeywell Flour Mills Plc and Royal Exchange Plc went down by 5.0 per cent and 4.7 per cent respectively. Cutix Plc and Ecobank Transnational Incorporated depreciated by 3.21 per cent and 2.6 per cent in that order.

Fidson Healthcare Plc, which recently paid a dividend of 15 kobos per share to shareholders was also among the price losers, going down by 1.3 per cent. The Chairman of the company, Mr Segun Adebanji, told shareholders that the company would continue to strengthen its operating facility with fashion and retooling.

He said through capital injections, business re-alignment and useful industry alliance/collaborations, the board and management are poised to reposition the business in order to take advantage of the growth opportunities in the market.

He also stated that the company’s capital structure received attention in the form of lowering the gearing level as they believe this would impact positively on the company’s profitability as the future remains bright.

“We are currently expanding our capacity utilization through increased production and contract manufacturing for other notable companies in the industry,” Adebanji said.

Meanwhile, Learn Africa Plc led the price gainers with 9.8 per cent, trailed by Livestock Feeds Plc with 9.3 per cent. United Capital Plc chalked up 7.5 per cent, while Associated Bus Company Plc garnered 5.2 per cent.

Wema Bank Plc and FBN Holdings Plc gained 3.4 per cent and 0.9 per cent respectively.

SOURCE:https://brandspurng.com/2019/10/11/dangote-cement-leads-as-trading-rate-increases-290-to-n19-billion/

Dangote is a blessing to Nigeria

He alone makes available jobs for thousands of Nigerians.

The bigger him I pray

Hm was that why FG closed BUA terminal

I love Dangote

Cool enough

290% is the rate of increase you get when the FG creates a near monopoly for a business man and running off competitors from the market.

I’m bck

Richest man in Africa yet self centered. What was his contribution in helping the South Africa returnees? If he was a whiteman. He would have done more for his people. Smh vanity

And Mr Bode was asking why they are advertising with international medias?

Cement is still N2700 when will BUA, Ashaka, Ibeto & the reSt come in and craSh it to Under N2000 make boys start build house for their Mama

Sir Dangote, more grease to your elbow. What you wish others will definitely come to you.

Ibeto, where are you

2extremes:
Please, i need someone to borrow me 10k to take to the hospital. My inner right ear aches badly. The pain is really unbearable. I promise to return it by month end. 08081. 47.. 35. 39

Go to your family, I think it will be much easier.

[s]

Whatacountry:
Richest man in Africa yet self centered. What was his contribution in helping the South Africa returnees? If he was a whiteman. He would have done more for his people. Smh vanity

[/s] Which stupid white men are you talking about? The ones that plundered Africa and India for many years or the ones that keep on invading Nations for their selfish interest?

Congrats to Mr money. The one and only Dangote!

Nigeriabiafra80:
Hm was that why FG closed BUA terminal

Alarmist! When and where was BUA closed?

Dangote enjoy ur FG favour

That's good.

nateDZA:
Cement is still N2700 when will BUA, Ashaka, Ibeto & the reSt come in and craSh it to Under N2000 make boys start build house for their Mama

Now #2400.
I bought yesterday in Otta Ogun State.

Just wish dis guy will just tell us he wants to buy dis country so dat i will get my share and get out

Afamed:

Alarmist! When and where was BUA closed?

seems you just subscribe
Portharcourt

In Abuja Dangote cement sales for 2350-2500

Nigeriabiafra80:
seems you just subscribe
Portharcourt

Is that the response to the question?

Dpharisee:
290% is the rate of increase you get when the FG creates a near monopoly for a business man and running off competitors from the market.

During elections, Dangote supports the 2 major parties handsomely and it has worked for him as whoever wins does his bidding

FG creates a near monopoly is a very lazy and myopic argument.If you run your enterprise efficiently enough with good business discipline and if your competitors are reckless to run themselves out of business,you will get blamed for that of their stupidity !
Government awarded licenses to establish refineries to 9 companies in different locations and for 13 years nothing got done and I’m sure when Dangote starts those lazy ones will be crying of monopoly.

This Dangote sha....
anyway see how you can overcome business stress https://explicitsuccess.com/dealing-with-entrepreneurial-stress/

Dpharisee:
290% is the rate of increase you get when the FG creates a near monopoly for a business man and running off competitors from the market.

Preach Bro!!!!

Whatacountry:
Richest man in Africa yet self centered. What was his contribution in helping the South Africa returnees? If he was a whiteman. He would have done more for his people. Smh vanity

because he is intelligent enough to know,that thugs should not helped after they got in trouble. Also he love South Africa way more than Nigeria.