The most important development for Dangote Sugar Refinery on June 24, 2026 is not the stock’s modest daily decline of 0.3% to NGN 70.9, but the fact that it is holding up materially better than other heavyweight industrial names. Over the last five sessions, DANGSUGAR is down 4.2%, while Dangote Cement has slumped 18.4% to NGN 963.0, and BUA Cement dropped 10.0% on the day to NGN 340.2. In a market where large caps are under pressure, relative resilience is the real story.
Key figures
- DANGSUGAR: NGN 70.9, down 0.3% on the day
- 5-day performance: -4.2% for DANGSUGAR
- Trading value: NGN 667.7 million in DANGSUGAR
- DANGCEM: -18.4% over 5 days, at NGN 963.0
- NGX ASI: +1.36% to 1,815.89
Market context: NGX today looks firmer, but breadth says otherwise
The headline move on the was positive, with the rising to . But the underlying picture was weaker than that index gain suggests: market breadth stood at just , against and stocks. That matters because it tells investors the rebound was narrow rather than broad-based.