Dangote Cement Rebounds 9.6% to N1,469.90 After Previous Week’s 10% Selloff

Dangote Cement Plc rebounded strongly on Monday, November 9, 2026, gaining 9.61% to N1,469.90 after struggling a ten% decline within the earlier week.

The cement firm’s share value elevated by N128.90 from its earlier shut of N1,341 as traders returned to the inventory following the sharp selloff recorded on November 5.

The restoration erased many of the earlier session’s decline, when Dangote Cement plunged from N1,490 to N1,341.

At Monday’s closing value of N1,469.90, the inventory was simply N20.10, or 1.35%, under the N1,490 degree recorded earlier than the selloff.

The newest rebound provides one other sharp swing to Dangote Cement’s latest buying and selling sample.

The inventory had beforehand rallied from N1,111 to N1,420 earlier than extending its advance to N1,490. However, profit-taking subsequently pushed the share value down by the utmost 10% to N1,341.

Monday’s 9.61% restoration suggests traders shortly returned to the inventory following the decline, bringing its share value near the extent from which the selloff began.

The rebound was additionally vital for the broader Nigerian equities market due to Dangote Cement’s massive market capitalisation and its affect on the NGX All-Share Index.

The NGX All-Share Index gained 1.44% to 252,456.74 on Monday from 248,877.22 recorded on Friday, whereas equities market capitalisation elevated to N163.918 trillion.

The restoration adopted final week’s 2.13% decline within the benchmark index, when 57 equities depreciated and solely 29 shares recorded features.

Dangote Cement’s newest motion exhibits that volatility stays elevated within the inventory following its latest surge, with sharp profit-taking shortly adopted by renewed shopping for curiosity.

Despite Monday’s rebound, the inventory has but to fully recuperate the N1,490 degree reached earlier than final week’s 10% decline.