Dangote Sugar Refinery Plc (DANGSUGAR) experienced a significant surge in its stock price on Wednesday, September 24, 2025, closing at ₦59.40, a 10% increase from the previous day’s ₦54.00.
This uptick occurred amid a broader market downturn, where the Nigerian Exchange (NGX) equity capitalisation declined by ₦135 billion, dropping from ₦89.198 trillion to ₦89.063 trillion.
Despite the overall market’s negative performance, Dangote Sugar’s share price has shown resilience, remaining approximately 21% below its 52-week high of ₦75.60, achieved on July 31, 2025.
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The surge in Dangote Sugar’s stock price stands in contrast to the broader market sentiment, which was influenced by declines in stocks such as Deap Capital Management & Trust, Legend Internet, and Wapic Insurance.