Cruising on a market capitalization of N2.9 trillion, representing 31.56 per cent of the whole stock market capitalization as at last week, Dangote Cement remained the stock to beat as Nigerian Breweries and Nestle Nigeria on capitalization of N1.13 trillion and N642.05 billion respectively followed distantly.
The trust leading to this status is not far from the Africa-wide recurrent expansion scheme that has been on for a long time.
However, despite the high cost associated with investment in capacity building to sustain future growth by increasing market share beyond the shores of Nigeria, Dangote Cement’s record of strong earnings and share price has helped it to outperform the whole market in terms of relative price stability and as the most capitalised equity on the floor of the Nigerian Stock Exchange.
With a current share price at N170 per share, trading experts say it’s cheap and very attractive after all.
Stock pundits note that 2016 year end will be another impressive full year result despite the harsh business environment for the company after all.
Business Hilights recalls that only recently, the President of the group, Alhaji Aliko Dangote was named among the most powerful citizens of the world and the trend followed his drive and appetite for investments even in harsh climates without fear or favour.
