The key takeaway for Dangote Sugar Refinery on Tuesday, June 2, 2026 is not the stock’s 1.2% rise to 72.0 NGN, but the scale of the selloff that came before it. Over the last 5 sessions, the share price fell from 87.0 NGN to 72.0 NGN, a cumulative drop of 17.2%. In a market where the NGX ASI still advanced 1.04% to 1847.86, that rebound looks more like a pause in heavy selling than a confirmed turnaround.
Key figures
- DANGSUGAR: 72.0 NGN, up 1.2% on the day
- Five-day move: -17.2%, from 87.0 NGN to 72.0 NGN
- Dividend yield: 2.08%
- NGX ASI: 1847.86, up 1.04%
- Market breadth: 16 gainers, 36 losers, 11 unchanged
NGX today: index up, but breadth still weak
The broader picture on the Nigerian Exchange was mixed on June 2, 2026. The NGX all share index rose to , but market breadth remained negative at , , and . That matters because it shows the benchmark’s gain was not driven by a broad-based rally. Instead, buying was selective, with weakness still visible across much of the board.