Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

Dangote Cement shares lose N339 billion following completion of share buyback

Omokolade AjayibyOmokolade Ajayi
2 years ago
in Stock Market
Dangote Cement issues N50 billion series 4 & 5 commercial paper issuance closes today
Share on FacebookShare on TwitterShare on Linkedin

The Shares of Dangote Cement Plc lost N339 billion, following the completion of the first tranche of the Cement behemoth’s share buyback programme.

This was uncovered by Nairametrics, after tracking the performance of the shares of the cement manufacturer during the week.

  • The checks revealed that the market capitalization of the company, in just a week, declined from N4,173,220,263,484.50 at the open of trade on Monday 4th of January to N3,834,114,166,125.00 at the close of trade today the 8th of January 2021.
  • This suggests that despite the completion of the first tranche of the Company’s Share Buy Programme, the shares of the largest cement manufacturer in Nigeria, with a total installed production capacity of 48.6 million tonnes per annum, decreased by 8.15%, from N244.90 at the open of trade on Monday 4th January 2021 to N225.00 at the close of trade on Friday 8th January 2021.
  • It is important to note that shares of the company traded flat from the open of trade this year till the open of trade this morning when sell-offs of the shares of the company, on the floor of the Nigerian Stock Exchange, led to a decline of N19.90 per share.
  • This in total gives a decline of ₦397,047,700.00 on the shares of the company listed on the floor of the Nigerian Stock exchange.

What you should know

  • Nairametrics reported 2 weeks ago that Dangote Cement Plc shares gained N605 billion in just a week amid positive sentiment on the floor of the Nigerian Stock Exchange, following the news of the company’s share buyback plans.
  • It is important to note that in line with the announcement made by the company, the company’s stockbrokers at their discretion purchased DCP shares in the open market between 30th and 31st December, subject to prevailing market conditions and under the current daily trading rules of the NSE.
  • The approved brokers of the company under the Share Buy-Back Programme purchased up to 85,202,537 fully paid-up ordinary shares of 50 Kobo each, representing 0.5% of the entire current issued shares of 17,040,507,404 ordinary shares.

Related

Tags: Dangote cement

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Dupe Olusola: The Leader Who Has Attested that Success Isn’t the Result; It’s The Impact!
  • Tony Elumelu Brands Himself in these 5 effective ways
  • Nigeria’s problem is growth, not debt, revenue – Dr. Andrew Nevin

Follow us on social media:

Recent News

The Leader Who Has Attested that Success Isn’t the Result; It’s The Impact!

Dupe Olusola: The Leader Who Has Attested that Success Isn’t the Result; It’s The Impact!

February 5, 2023
Tony Elumelu

Tony Elumelu Brands Himself in these 5 effective ways

February 5, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics