Dangote Reclaims Position As Most Capitalised Company From MTN
Dangote Cement Plc has reclaimed its position as the most capitalised company on the Nigerian Stock Exchange.
THE WHISTLER had earlier reported that MTN Nigeria Plc had taken over as the company with the highest market cap.
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However, at the close of trade on the local bourse, MTN share price declined by 5.6% to end at N92.8 from N98.4 recorded at the opening of trade on April 2.
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Consequently, MTN Nigeria’s market cap. dipped to N1.888 trillion from N2.0 trillion.
Meanwhile, Dangote share price increased by 9.93% to hit N128.4 from 116.8 at the start of trade on Thursday.
The new share price pushed the company’s market cap. to N2.188 trillion from the N1.99 trillion previously recorded.
