Lafarge Africa Plc (NGX: WAPCO) | Share Price (2024)

Nigel Frithtrader

Updated 20 May 2024

OPEN DEMO TRADING ACCOUNTYOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY

Lafarge Africa Plc is a cement manufacturing company listed on the Nigerian Stock Exchange (NGX).

Lafarge Africa Plc is one of the oldest cement manufacturing companies in Nigeria and is a member of the Lafarge Holcim Group, the largest building and concrete solutions company in the world.

Overview of Lafarge Africa Plc

Lafarge Africa Plc provides high quality concrete and aggregates for the home building and construction sectors and also has diversified interests in manufacturing paint, repairing electric motors, transport services and Kraft bag production.

Today, Lafarge Africa Plc’s portfolio of products and services are diversified in more sectors of the Industrial Goods value chain and include the following products: cement, aggregates, ready-mix concrete and pulverized fly ash. Cement solutions are marketed under the brand names Elephant, Ashaka, Supaset, PowerMax and Unicem. Its subsidiaries include Lafrage Ready Mix Nigeria Limited, AshkaCem Plc, Atlas Cement Company Limited, LSAH, The United Cement Company of Nigeria Ltd (UniCem) and Egyptian Cement Holdings (ECH).

The history of Lafarge Africa Plc goes back to 1959 when it was founded, and the company was first listed in February 1979.

Lafarge Africa Plc Stock Performance

The current price for Lafarge Africa Plc stocks on the Nigerian Stock Exchange (NGX) is 24.85 Nigerian Naira (NGN).

An analysis of financial data of Lafarge Africa Plc showed that the company has a total market capitalisation of 400 Billion NGN, with a Price/Earning ratio of 8.66 and earnings per share of 2.87 NGN.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Lafarge Africa Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Lafarge Africa Plc, analysts forecast further improved performance for the Industrial Goods sector with market share growing as trading volumes increase.

Highlights of Lafarge Africa Plc in 2021

Lafarge Africa Plc started the current financial year (2021) with a share price of 21.05 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 18.1 % in value on its price valuation, ranking 43rd on the NGX with its year-to-date performance.

Lafarge Africa Plc is currently the 17th most-traded stock on the NGX and it has experienced a total trading volume of more than 238 million shares, which were finalised in 6,583 deals and were valued at a total of 5.86 billion Nigerian Naira (NGN) over the recent three month period from September to December 2021, with an average of 3.78 million shares in each trading session.

During the same period a volume high of 18 million was achieved on October 29 and a low of 145,658 on September 24.

How to buy Lafarge Africa Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Lafarge Africa Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

Find the share that you want to buy, in this case, “WAPCO”.
Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
Once your account has been activated, you are ready to make your first share purchase through the broker.
From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

Lafarge Africa Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol WAPCO.

Lafarge Africa Plc is a cement manufacturing company listed on the Nigerian Stock Exchange (NGX).

Lafarge Africa Plc forms part of the Industrial Goods Sector and Building Materials Industry of the Nigerian Stock Exchange (NGX).

At the time of writing, the last available or current price of Lafarge Africa Plc shares was 24.85 NGN on the Nigerian Stock Exchange (NGX).

Lafarge Africa Plc’s forecast indicates further growth and improvement in the next quarter of 2021, with investors expecting lucrative dividends and returns with increased financial performance.

The Year to date change in the stock price of Lafarge Africa Plc is 18.1 %.

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