Strong earnings, ROI earn Dangote Cement ‘ Best Performing Stock’

HAVING recorded strong earnings and improved returns on investment for stakeholders on a sustainable basis, Dangote Cement Plc has bagged ‘ Best Performing Stock‘ of the Year 2021 Award.

The company was named the ‘ Best Performing Stock’ by the Nigeria Exchange Limited ( NGX) ahead of BUA Cement Plc and CAP Plc at the 2022 Nigerian Investor Value Award ( NIVA) organised by the Businessday in collaboration with the Nigeria Exchange Group.

The award was categorised under the listed companies segment and the Next Bull segment with Dangote cement leading others in the listed companies best performing stock, under the industrial goods category having recorded stellar performance in creating value for stakeholders on the basis of criteria such as share price, dividend payments, sustainability, brand value, market leadership and business strategy against its peers during the period under review.

Speaking at the ceremony, the Chief Executive Officer of NGX, Temi Popoola restated the exchange’s commitment to leverage investments in business innovation, diversified range of products and services coupled with robust engagement with stakeholders and achieve its aspiration of becoming Africa’s preferred exchange hub.

He assured stakeholders that given the number of advances that have been implemented so far, especially the launch of the NGX Exchange Traded Derivatives Market with the listing two Equity Index Futures Contracts, NGX30 Index Futures and the NGX Pension Index Futures, the exchange is at the verge of emerging the preferred investment in Africa.