Lafarge Africa Plc, has gained about N71 billion in the past three trading sessions on NSE, pushing the market capitalization of the cement manufacturer to N384.98 billion.
Lafarge whose shares peaked at N30.3 this year, saw its share price increase from N19.5 on the 3rd of March 2021 to N23.90 at the close of trading activities on March 8 2021.
The gains were triggered by buying pressures from bargain hunters who took positions in the company after its share price slumped to N19.5 per share.
Lafarge was the tenth most capitalized company on NSE with a market capitalization of N384.98 billion, behind Nigerian Breweries with a market capitalization of N395.85 billion.
A total of 5,380,311 units of Lafarge ordinary shares worth N129,602,973.90, were exchanged on the bourse in 185 deals on Monday 8th March 2021.
The shares of the cement manufacturer gained a total 7.66% or N1.7 to close higher at N23.9 on the 8th of March 2021.