Dangote Cement Sheds N1.12 Trillion, Drags Stocks To Its Second-Worst Trading
Dangote Cement Sheds N1.12 Trillion, Drags Stocks To Its Second-Worst Trading
Dangote Cement Plc, the most capitalized stock on the Nigerian Exchange (NGX), recorded a 9.99% decline on the NGX today, resulting in a N1.12 trillion loss in its market value.
The massive decline was responsible for the NGX posting a 1.94% decline, as the All-Share Index closed at 98,201.49 points, its lowest since May 27.
The drubbing of Dangote Cement’s stock in the NGX is the latest in a series of events that have pitted the industrialists against the Nigerian government.
Source:- Nairametrics
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