Dangote Cement Loses Crown as Most Valuable Stock, Drops to Fourth Place
Dangote Cement has lost its position as the most valuable stock on the Nigerian Exchange Limited after its shares fell
Dangote Cement simulated ₦613.03 ▼0.53% has lost its position as the most valuable stock on the Nigerian Exchange Limited after its shares fell by the daily maximum of 10% on Wednesday.
The decline pushed the cement maker’s market capitalisation down to N16.25 trillion from N18.05 trillion, dropping it to fourth place among the mega-cap stocks.
MTN Nigeria simulated ₦242.35 ▼0.24% Communications now leads with a market cap of N17.43 trillion, followed by BUA Foods at N16.9 trillion and Airtel Africa at N16.38 trillion.
Our standardsReported and edited by the Markets Reporters newsroom. How we workUse of AISummaries, audio and Ask MR answers are generated from our reporting and labelled. Reporting and writing are human.CorrectionsSpotted an error? Tell us — we correct and note it.
Free newsletter
Get the market setup before 7am, every weekday.
More from FEATURED
See all →FEATUREDDangote Cement Valuation Surges to N20trn for First Time
FEATUREDAfrican Fintech Giant Airtel Money Debuts on London Bourse with £5.3 Billion Valuation
FEATUREDUBA Overtakes Access to Become Nigeria’s Top Bank in Africa Ranking
FEATURED