Capital market analysts have rated the performance of Dangote Cement Plc in the first half of the year, 2018 to be very strong and impressive. The company which published its half year results for the period ended June 30, 2018 showed that the Group’s revenue grew by 16.91 per cent over the comparable period of […]
Tag: XNSA_DANGCEM
Stocks Market Declines By 0.51% Despite Improved Turnover
Losses extended in the Nigerian stocks market for the third consecutive week, as the market fell week-on-week (w-o-w) by 0.51 per cent on sustained bearish activity despite 50.55 per cent improvement in turnover for the week. The All Share Index (ASI) shed 180.18 points or 0.51 per cent w-o-w to settle at 35,446.47 points while […]
These listed firms are among the top non-oil exporters in the country
Dangote Cement Plant The Central Bank of Nigeria (CBN) last week released its Annual report for the years 2016 and 2017. In addition to reporting about the Bank’s activities, the report also contains information about the top 100 exporters in the country. Goods valued at $909 million were exported by 100 companies last year. 13 […]
Why AG Dangote is pushing for more ‘cement’ roads
A Death-trap pot-hole at Rumuokoro, East/west road. Photo; Nwankpa Chijioke AG Dangote Construction, a member of the Dangote Group has advocated for the increased adoption of cement in road construction with cement in the country. Tunde Jimoh, a representative of the firm disclosed this at an event organized by the Council of Registered Engineers in […]
Nigeria: No Respite As Market Records Third Consecutive Weekly Decline
The equities market recorded its third consecutive decline last week as investors confidence remained weak. Out of the four trading sessions, four were bearish with Dangote Cement Plc moving the market to its largest loss in 52 weeks last Thursday. Although the market rebounded last Friday, with a gain of 1.29 per cent, that was […]
HI’18: Manufacturing firms’ incur more costs, up by 20.2%
…CBN encourages companies to raise fund through CPs … Analysts/stakeholders caution firms to be prudent in spending Despite the steady decline in the inflation rate over the past 18 months, leading manufacturers quoted in the Nigerian Stock Exchange, NSE, which operate across sectors have recorded significant upsurge of 20.2 percent in their operating expenses, OPEX, […]
Equities to reverse sentiment this week
Despite the positive sentiment recorded in the equities market at week close on Friday, investment experts and other capital market operators have said that the market will remain in the negative region as the Friday positive run was not driven by any fundamental. Stock Market They argued that underlying investors’ apathy still remained, thereby negating […]
How infrastructure gap fuels expansion in cement industry
Nigeria has a population of 198 million growing at 2.6 percent. But the infrastructure stock does not grow to match this rising population. According to the National Infrastructure Master Plan, Nigeria needs to spend $3 trillion and five percent of GDP annually to bridge the infrastructure gap. From roads to bridges, down to power and […]
No Respite as Market Records Third Consecutive Weekly Decline
The equities market recorded its third consecutive decline last week as investors confidence remained weak. Out of the four trading sessions, four were bearish with Dangote Cement Plc moving the market to its largest loss in 52 weeks last Thursday. Although the market rebounded last Friday, with a gain of 1.29 per cent, that was […]
Financial Stocks Drive Market Performance as Bulls Resurface
By Dipo Olowookere Gains recorded by financial stocks, especially shares in the banking sector, lifted the equities market on Thursday, reversing the loss recorded on Wednesday. The stock market rose yesterday by 0.21 percent following gains reported by 24 stocks buoyed by the return of positive sentiment to the market. At the close of transactions, […]