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Business News of Friday, 21 May 2021

Source: www.legit.ng

Dangote Cement shareholders loses over N200 billion in four days

Aliko Dangote Aliko Dangote

- Over N200 billion was lost in four days after investors undervalued the company's stock

- Dangote Cement market capitalisation declined from N3.7 trillion of Monday's opening to N3.5 trillion on Thursday

- Investors have a low appetite for Dangote Cement stocks, so shareholders have been selling at a loss

It has been a bloody week for Dangote Cement shareholders, as their investment in the manufacturer dwindled in four days. The shareholders lost over N200 billion between Monday to Thursday this week.

The loss had occurred amid low pricing of the company's stock by investors, and low participation in Dangote Cement's shares - due to this, the company has not been part of the top traded shares.