Stock Market Rebounds, Appreciates By N404.58bn On Demand For Dangote Cement - Thepodiummedia

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Post published:June 12, 2025
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The Nigerian stock yesterday staged a rebound, recouping prior session losses as capitalisation gained N404.58 billion on investors’ demand for Dangote Cement Plc.

On investors’ surge demand, the stock price of Dangote Cement gained 4.50per cent or N18.90 per share to close at N438.90 per share from N420.00 per share it opened for trading.

This led to the Nigerian Exchange Limited All-Share Index (NGX ASI) up by 641.63 basis points or 0.56 per cent to close at 114,659.11 basis points. Consequently, market capitalisation rose by N404.58 billion to close at N72.302 trillion.

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Market breadth remained positive, with 31 gainers versus 28 decliners. Associated Bus Company and Beta Glass emerged the highest price gainer of 10 per cent each to close at N2.64 and N231.10 respectively, while Berger Paints followed with a gain of 9.98 per cent to close at N24.80, per share.

Fidson Healthcare rose by 9.91 per cent to close at N34.95, while Legend Internet appreciated by 9.88 per cent to close at N6.45, per share.

On the other side, Abbey Mortgage Bank led others on the losers’ chart with 7.50 per cent to close at N5.55, per share. NCR Nigeria followed with a decline of 7.09 per cent to close at N5.50, while Vitafoam Nigeria declined by 6.64 per cent to close at N60.50, per share

DAAR Communications shed 6.06 per cent to close at 62 kobo, while Nestle Nigeria lost 5.69 per cent to close at N1,500.00, per share.

However, the total volume traded dipped by 28.90 per cent to 471.151 million units, valued at N14.188 billion, and exchanged in 20,538 deals. Transactions in the shares of FCMB Group led the activity with 40.289 million shares worth N410.147 million. United Bank for Africa (UBA) followed with account of 36.545 million shares valued at N1.305 billion, while Access Holdings traded 35.051 million shares valued at N788.954 million.

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Zenith Bank traded 28.666 million shares worth N1.439 billion, while Japaul God & Venture traded 25.368 million shares worth N50.135 million.

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Morak Babajide-Alabi is a graduate of Mass Communication with a Master of Arts Degree in Journalism from Napier University, Edinburgh, United Kingdom. He is an experienced Social Media practitioner with a strong passion for connecting with customers of brands.

Morak works as part of a team currently building an e-commerce project for the Volkswagen Group UK. Before this, he worked on the social media accounts of SKODA, Audi, SEAT, CUPRA, Volkswagen Passenger Cars, and Volkswagen Commercial Vehicles. In this job, he brought his vast experience in journalism, marketing, and search engine optimisation to play to make sure the brands are well represented on social media. He monitored the performance of marketing campaigns and data analysis of all volumes of social media interaction for the brands.

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Morak is a dependable team player who succeeds in a high-pressure environment. He started his professional career with the flagship of Nigerian journalism – The Guardian Newspapers in 1992 where he honed his writing and editing skills before joining TELL Magazine. He has edited, reported for, and produced newspapers and magazines in Nigeria and the United Kingdom. Morak is involved in the development of information management tools for the healthcare sector in Africa. He is on the board of DeMiTAG HealthConcepts Limited, a company with branches in London, Lagos, and Abuja, to make healthcare information available at the fingertips of professionals. DeMiTAG HealthConcepts Limited achieved this by collaborating with notable informatics companies. It had partnered in the past with Avia Informatics Plc and i2i TeleSolutions Pvt.

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Ademola AKINBOLA is an author, publisher, trainer, digital marketing strategist, and a brand development specialist with nearly three decades of experience in the areas of branding, communication, corporate reputation management, business development, organizational change management, and digital marketing.

He is the Founder and Head Steward at BrandStewards Limited, a brand and reputation management consultancy. He is also the Publisher of The Podium International Magazine, Ile-Oluji Times, and Who’s Who in Ile-Oluji.

He had a successful media practice at The Guardian, Punch and This Day.

He started his brand management career at Owena Bank as Media Relations Manager before joining Prudent Bank (now Polaris Bank) as the pioneer Head of Corporate Affairs.

The British Council appointed him as Head of Communication and Marketing to co-ordinate branding and reputation management activities at its Lagos, Abuja, Kano and Port Harcourt offices.

In 2007, he was recruited as the Head of Corporate Planning and Strategy for the Nigerian Aviation Handling company. He led on the branding, strategic planning and stakeholder management support function.

His job was later expanded and redesigned as Head of Corporate Communication and Business Development with the mandate to continue to execute the Board’s vision in the areas of Corporate Planning and Strategy, Branding and New Businesses.

In 2010, he voluntarily resigned from nacho aviance to focus on managing BrandStewards, a reputation and brand management firm he established in 2003. BrandStewards has successfully executed branding, re-branding and marketing communication projects for clients in the private and public sectors.

Ademola obtained a M.Sc. Degree in Digital Marketing & Web Analytics from Dublin Institute of Technology in 2016, and the Master of Communication Arts degree of the University of Ibadan in 1997. He had previously obtained a Higher National Diploma (with Upper Credit) in Mass Communication from Ogun State Polytechnic, Abeokuta.

He has published several articles and authored five management books.

He has benefitted from several domestic and international training programmes on Brand Management, Corporate Communications, Change Management and Organizational Strategy.