Dangote Cement is trading 3.2% up today at NGN 1,047 following shareholder approval for a secondary listing on the London Stock Exchange and news of a significant N29 billion crossed share deal.
- Shareholders greenlit the move to list on the LSE, a strategic step aimed at improving international capital market access and global visibility.
- The stock is experiencing renewed momentum as investors react to the N29 billion crossed share transaction and reposition following June’s large block trade.
- Despite recent volatility, current gains reflect market optimism regarding the company's expansion and capital structure strategy.