Tag
DANGOTE SUGAR
News and analysis about Dangote Sugar
NSE Consumer goods Index closed the week at 593.91 index points, as shares of Nestle, NB, Dangote Sugar, Flour Mills decline.
The Market breadth closed negative as FTNCOCOA led 14 Gainers as against 17 Losers topped by FLOURMILL at the end of today's session.
FCMB (+5.17%) led the gainers today, while JBERGER (-2.57%) topped the laggards.
The market breadth index was positive with 20 gainers against 10 losers.
This arose from the Scheme of Merger between Dangote Sugar Refinery Plc and Savannah Sugar Company Limited (SSCL).
REDSTAREX led 9 Gainers as against 17 Losers topped by UBN at the end of today's session.
CAVERTON led 20 Gainers as against 6 Losers topped by ABCTRANS at the end of today's session
INTBREW led 17 Gainers as against 11 Losers topped by CAVERTON at the end of today's session
The company said it sold higher sugar volumes in the quarter compared to the previous quarter.
Following upward revisions to our forecasts, we revise our target price higher to N17.65/s from N13.87/s previously.
The Nigerian local bourse on Thursday lost all the gain recorded in Wednesday's session to return to the bearish territory as it dropped by 3.12%.
Dangote Sugar has stopped trading on its shares at the Nigerian Stock Exchange (NSE) following the announcement of its closed period.