Dangote Sugar Refinery delivered the sharper move inside the Dangote complex this week, rising 6.2% over 5 sessions from NGN 64.0 to NGN 68.0 as of April 17, 2026. But that rebound comes with a catch: the internal signal still stands at -0.125 with high risk, while Dangote Cement advanced only 1.6% to NGN 823.0 and still attracted NGN 3.40 billion in turnover, a more important clue for retail investors trying to read the tape.
Key figures
- DANGSUGAR: +6.2% in 5 days, from NGN 64.0 to NGN 68.0
- DANGCEM: +1.6% in 5 days, to NGN 823.0
- NGX ASI: +1.71% on April 17, 2026
- DANGCEM turnover: NGN 3.40 billion
- USD/NGN: 1,340.5601, down 0.27% on the day
Market context: NGX today favours liquidity and large caps
The broader backdrop was supportive on Friday. The NGX ASI rose 1.71% to 1,657.43, while market breadth came in positive at 44 gainers, 27 losers and 75 unchanged out of tracked stocks. That matters because it shows the rally was not a one-stock story. The tone across the Nigerian market was constructive, even if financials and a handful of heavyweight names did most of the visible lifting.