The clearest signal on the Nigerian Exchange this Monday, July 13, 2026 did not come from Dangote Sugar Refinery, but from Dangote Cement, whose shares climbed 8.7% over five sessions to 1,047 NGN after a sharp path of 963 NGN → 891 NGN → 963 NGN → 1,015 NGN → 1,047 NGN. For retail investors looking at DANGSUGAR this week, the market’s message is straightforward: money rotated into cement rather than sugar, with DANGCEM’s 4.30% dividend yield and 17.5 P/E offering a clearer valuation anchor.
That divergence matters even more because the broader market was weak. The NGX ASI slipped 0.37% to 1,817.17, while market breadth was negative at 17 advancers, 44 decliners, and 7 unchanged out of 68 tracked names. In other words, DANGCEM’s rise happened against a falling tape, which gives the move more weight as a relative-strength signal in NGX today.
Key figures
- DANGCEM: +8.7% in 5 days to 1,047 NGN
- DANGSUGAR: +1.4% in 5 days to 72.0 NGN
- NGX ASI: -0.37% at 1,817.17
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