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The market capitalisation of Dangote Cement Plc depreciated by N136.3 billion representing 3.51 percent in one day of trading on the floor of the Nigerian Stock Exchange (NSE).
At Thursday’s trading session, Dangote Cement Plc the dip in the capitalisation of the biggest brand in terms brought it down to N3. 748 trillion from N3.885 trillion.
The Industrial goods giant also saw its share price declined by N8 in value of shares to close at N220 per share down from N228 per share it opened transaction with. Its outstanding shares, however, stand at 17,040,507,405.
A look into the Cement company’s trading activities on the NSE reveals that it had traded at N220 per share for weeks but jumped to N228 per share on Wednesday, only to return back to the status quo at N220 per share on Thursday.
On a similar note, Zenith Bank Plc declined by N9.42billion, when its market capitalisation closed at N673.454 billion down from N682. 873 billion, representing a 1.38 per cent fall by the lender.
The Bank also recorded a negative in its share price, shedding 0.30 Kobo share value to close at N21. 45 Kobo per share down from N21.75 Kobo per share and its outstanding shares are put at 31,396,493,786
BADEJO ADEMUYIWA has 23 years experience as a Finance Writer, specialising in Insurance and Investigative Reporting.
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