Dangote Cement Plc led the price gainers at the stock market yesterday.

Trading at the stock market was done mainly via remote trading as most of the stockbrokers were unable to make it to the trading floor of the Nigerian Stock Exchange. Trading volume slumped by 82 per cent while 11 stocks appreciated. Only three stocks dipped value.

 Dangote Cement Plc led the price gainers with N2.04 to close at N115.04 per share. The equity has closed last week as the highest price gain with N2.23 before continuing the positive growth this week Monday.

Market operators said the rise in the value of Dangote Cement equity had further boosted its market capitalisation. The firm had closed 2011 as the most capitalised company on Nigerian bourse with N1.716 trillion. And by Monday the market capitalisation  has increased to N1.782 trillion.

Market analysts had said the equity would continue to rule the market in 2012 going by the trend.

According to them, the prospects coming from the six metric tonnes new cement plant at Ibeshe, which is expected to boost its earnings and ultimately returns on shareholders investments, would also impact positively on the performance of the Dangote Cement in the market going forward.