A renewed wave of bargain hunting in Dangote Cement Plc has driven its share price to a 52-week high, boosting its market capitalisation by about 11% week-on-week to ₦11.22 trillion as of Friday.
The rally was fuelled by heightened trading activity in the cement giant, which has 16.873 billion shares outstanding on the Nigerian Exchange (NGX). The company’s free float now stands at 4.79% following a share buyback exercise, which has helped stabilise its stock price by reducing volatility linked to thin trading volumes.
During the week, Dangote Cement’s share price rose by 10.83% to ₦665 on Friday, with 1.205 million units traded at a value of ₦793.49 million. The latest price rally comes ahead of the company’s third-quarter 2025 financial results, which investors are closely anticipating.
Analysts at CardinalStone Securities Limited noted that Dangote Cement’s growth trajectory is likely to continue into the third quarter of 2025, buoyed by resilient domestic demand and stable pricing.
“As the market anticipates a bumper earnings season in Q3 2025, investors have continued to deepen their positions, encouraged by the recovery from a low base recorded in the comparable period of 2024,” the analysts added.
Meanwhile, Dangote Cement has informed the Nigerian Exchange Limited (NGX) and stakeholders that its Board of Directors meeting, initially scheduled for 30 October 2025, will now be held on 27 October 2025.
According to a notice issued by the company, the board will deliberate on several matters, including the unaudited financial statements for the quarter ended 30 September 2025.
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