Friday, January 28

Dangote Sugar joins top advancers gaining over N12 billion in market cap

At the end of today’s trading session, Dangote Sugar Plc joined top 5 gainers as share price appreciated by 6.67% to close at N16.00 per share, taking the market capitalization from N182.20 billion to N194.35 billion.

Dangote Sugar Plc, today recorded a loss in share price which can be attributed to investors’ positive sentiment which triggered buy-interests in the shares of the company supporting a gain of N12.15 billion in market capitalization at the close of trading activities on Nigeria’s stock exchange.

The shares of the sugar refinery advanced from N15.00 per share at the start of the trading day to N16.00 per share, the highest price traded at the close of the market, to represent a gain of 6.67% which in monetary terms is N1.00.

Stock performance summary

The rally witnessed in the shares of Dangote Cement influenced the company’s market capitalization positively to move from N182.20 billion to N194.35 billion at the end of today’s trading activities, taking the gain to N12.15 billion.

The shares of Dangote sugar Plc have declined by 9.09% from year-to-date, starting the year at N17.60 and currently traded at N16.00. However, the shares of the company have returned about 6.67% gains for investors who bought them at their 52-week low trading price of N15.00 per share.

During today’s trading hours, 1,237,509 ordinary shares of Dangote Sugar Plc worth about N19.48 million, were exchanged in 127 executed deals.

What you should know

At the end of today’s trading activities, the NGX All-Share Index and market capitalization appreciated by 0.99% from the previous trading day, to close at 42,435.16 index points and N22.14 trillion respectively.

The NGX Consumer Goods Index appreciated by 0.64% to close the day at 545.14 points from 541.70 index points.