Industrial sector rebounds, records over 73% year-to-date gain

, achieving a year-to-date return of 73 per cent and the best-performing on the bourse. , achieving a year-to-date return of 73 per cent and the best-performing on the bourse.

In 2023, the index showed a growth of 2.21 per cent in the first quarter. However, the growth declined to 1.42 per cent in the second quarter resulting in a moderate first-half gain of 3.66 per cent. It posted a marginal 0.25 per cent gain in August and 12 per cent in 2023. As of May 12, 2023, the index was still at negative 1.50 per cent.

BUA Cement is currently the fourth most valuable stock on the NGX with a market capitalization of N4.85 trillion, which makes up about 8.81 per cent of the overall equities sector. Head, Equity, Planet Capital, Dr Paul Uzum, said the companies in the industrial goods sector are made up of mainly Dangote cement, Buacement, and Wapco, noting that Dangcement, which represents over 50 per cent of that index has gained over 100 per cent since the beginning of the year.

The Group also achieved double-digit growth in revenue at ₦2.208 trillion, while Group EBITDA reached a record high, increasing 25.1 per cent to ₦886 billion.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.

The Federal Government must explore new and innovative ways of expanding the tax base and ensure Nigerians do not see taxes as an additional burden, Lagos State Governor, Babajide Sanwo-Olu, has said.

BUA Cement Dangote Cement Lafarge Wapco NGX

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