Dangote Cement’s Share Price Closes Trading Week At N238.50

Dangote Cement has depreciated by 0.62% to close the week at N238.50.

Newsconnect reports that the company, which is the most capitalized cement producer on the NGX, has a total market capitalization of N4.06 trillion as of the close of the market during the trading week.

Dangote Cement Plc is currently the second most-valued company quoted on the exchange and makes up roughly 23% of the total market capitalization of all stocks worth over one trillion.

The company’s Q3 2022 financial result revealed a profit of N40.50 billion, representing a 52.67% dip from the N86.6 billion Y-o-Y.

Meanwhile, revenue for the period stood at N369.21 billion, an 11.3% increase from the corresponding period of 2021.