Dangote Cement Plc rebounded strongly on Monday, November 9, 2026, gaining 9.61% to N1,469.90 after suffering a 10% decline in the previous week.
The cement company’s share price increased by N128.90 from its previous close of N1,341 as investors returned to the stock following the sharp selloff recorded on November 5.
The recovery erased most of the previous session’s decline, when Dangote Cement plunged from N1,490 to N1,341.
At Monday’s closing price of N1,469.90, the stock was just N20.10, or 1.35%, below the N1,490 level recorded before the selloff.
The latest rebound adds another sharp swing to Dangote Cement’s recent trading pattern.
The stock had previously rallied from N1,111 to N1,420 before extending its advance to N1,490. However, profit-taking subsequently pushed the share price down by the maximum 10% to N1,341.
Monday’s 9.61% recovery suggests investors quickly returned to the stock following the decline, bringing its share price close to the level from which the selloff started.
The rebound was also significant for the broader Nigerian equities market because of Dangote Cement’s large market capitalisation and its influence 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, while equities market capitalisation increased to N163.918 trillion.
The recovery followed last week’s 2.13% decline in the benchmark index, when 57 equities depreciated and only 29 stocks recorded gains.
Dangote Cement’s latest movement shows that volatility remains elevated in the stock following its recent surge, with sharp profit-taking quickly followed by renewed buying interest.
Despite Monday’s rebound, the stock has yet to completely recover the N1,490 level reached before last week’s 10% decline.