Cemex stock trades at $9.75, about ₦12,904 per share at today’s rate of ₦1,323/$. Over the past year it has gained 2.1% in dollars, which works out to -7.4% in naira terms once the exchange-rate move is included.
| Period | Return in $ terms | Return in ₦ terms |
|---|---|---|
| 1 month | -6.7% | -6.8% |
| 6 months | -17.9% | -19.1% |
| 1 year | +2.1% | -7.4% |
Naira-terms return = share-price return × USD/NGN move. When the naira weakens, dollar assets gain extra value in naira; when it strengthens, the reverse.
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