The impressive performance Dangote Cement Plc on Wednesday, March 2, lifted the Nigerian Stock Exchange, NSE, market indices to a seven-week high jumping by 2.25 per cent.
Market watchers said that the market was driven by gains in Dangote Cement after the company proposed a dividend of N8 per share for the year ended Dec. 31, 2015 against N6 declared in 2014.
They said that investors were excited by the dividend pay-out declared by Dangote Cement which boosted interest in the company’s shares.
Analysis of the price movement chart indicated that Dangote Cement led the gainers’ table, increasing by N11.17 to close at N160 per share.
