Dangote Cement Plc shares gained N605 billion in just a week amid positive sentiment on the floor of the NSE.

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.

This was uncovered by Nairametrics, after tracking the performance of the shares of Dangote Cement Plc on the floor of the Nigerian Stock Exchange, from last Friday, 18th December 2020 and Thursday, 24th December 2020.

The checks revealed that the 17,040,507,405 ordinary shares of the company have gained N604.94billion largely on the back of news of the company’s share buyback plans.

This means that the shares of the largest cement manufacturer, with a total installed production capacity of 48.6 million tonnes per annum, has increased by 16.945%, from N204.59 at the close of trade on Friday 18th December 2020 to N245 at the close of trade on Thursday 24th of December 2020.