The clearest signal on Dangote Sugar Refinery this week is coming from the tape, not from a fresh corporate announcement: the stock has slipped from 71.45 NGN to 68.05 NGN over 5 sessions, a 4.8% decline, even as the broader Nigerian market turned weaker. At 68.05 NGN, with an RSI of 40.62 and a high-risk profile, the name has moved into the kind of zone where retail investors need structure and context more than noise. That weakness is unfolding in a market that is already under pressure. On Tuesday, March 31, 2026 at 12:02 UTC, the NGX all share index fell 2.55% to 1,406.42, while market breadth was negative at 27 gainers, 34 losers and 87 unchanged out of 148 listed stocks. In other words, this was not a session where DANGSUGAR simply got caught in random volatility. It was a day when capital rotated selectively, and stocks without an immediate catalyst were easier to mark down.
Key figures
- DANGSUGAR: 68.05 NGN, down 4.8% in 5 sessions
- RSI: 40.62, pointing to weakening momentum
- Dividend yield: 2.20%
- NGX ASI: 1,406.42, down 2.55%
- USD/NGN: 1,380.4, up 0.17%