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Dangote Sugar Refinery

Buy Dangote Sugar Refinery stocks

Dangote Sugar Refinery (NGX: DANGSUGAR) Stocks

What is Dangote Sugar Refinery Plc

Dangote Sugar Refinery Plc is a Nigeria-based company, which is engaged in refining raw sugar into edible sugar and sells refined sugar.

Dangote Sugar Refineries Plc grows and mills sugarcane in Nigeria and produces fortified and non-fortified granulated sugar for household consumption and use in pharmaceutical and food and beverage manufacturing.

The fortified product is a fine high quality Vitamin A fortified white granulated sugar and the unfortified product is a specially-processed sugar grade used by pharmaceuticals and food and beverage manufacturing companies. Savannah Sugar Company Limited is the subsidiary company that cultivates sugarcane for the group and is responsible for the milling process.

Today, Dangote Sugar Refineries Plc is a leading brand, with the sugar refining facility at Apapa being the largest in Sub-Saharan Africa, with 1.44MT per annum installed capacity.

The history of Dangote Sugar Refineries Plc can be traced back to the 1970s with its entry into the sugar business through the import and sale of sugar by its parent company, Dangote Industries Limited. Dangote Sugar Refineries Plc was incorporated in 2005 and listed on 8 March 2007.

Today, Dangote Sugar Refineries Plc has a diversified portfolio in more sectors of the consumer goods value chain and provides the following products: Vitamin A-fortified sugar and Unfortified industrial sugar. The Company’s Vitamin A fortified sugar is a fine white granulated sugar, which is the all-purpose white sugar that is ideal for table use, baking and sweetening of beverages. The Company’s unfortified sugar is a specially processed sugar grade used by pharmaceuticals, food and beverage manufacturing companies.

 

Dangote Sugar Refineries Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol DANGSUGAR.

Dangote Sugar Refineries Plc has its headquarters at 3rd Floor, GDNL Building Terminal E, Shed 20, NPA Wharf Port Complex, Apapa, Lagos.

The current executive leadership of Dangote Sugar Refineries Plc includes Aliko Dangote as Non-Executive Chairman and Ravindra Singh Singhvi as Acting Managing Director.

Dangote Sugar Refineries Plc forms part of the Consumer Goods Sector and Sub Sector: Food Products. It appears on the Nigeria 30 Index, Nigeria All-Share Index, Nigeria Consumer Goods Index, Nigeria Lotus Islamic Index and Nigeria Pension Index.

 

Dangote Sugar Refineries Plc Stock Performance

The current price for Dangote Sugar Refineries Plc stocks is 17.40 Nigerian Naira (NGN). The company has a total market capitalisation of 211 Billion NGN with a P/E ratio of 5.69 and earnings per share of 3.06 NGN. A total of 12.1 Billion shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Dangote Sugar Refineries Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Dangote Sugar Refineries Plc, analysts forecast further improved performance for the consumer goods sector with market share growing as trading volumes increase.


Highlights of Dangote Sugar Refineries Plc in 2022

Dangote Sugar Refineries Plc started the year with a share price of 17.60 NGN, and it has lost 1.14 % in value on its price valuation, ranking 105th on the NGX where year-to-date performance is concerned.

Dangote Sugar Refineries Plc is currently the 39th most-traded stock on the NGX and it has experienced a total trading volume of more than 80.4 million shares, which were finalized in 7,474 deals and were valued at a total of 1.42 billion NGN over three months, with an average of 1.28 million shares in each trading session.

The highest volume shares traded on one single day was 4.46 million.

 

How to buy Dangote Sugar Refineries Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade Dangote Sugar Refineries Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “DANGSUGAR”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.


FAQs

What is the NGX?

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2022, the former Nigerian Stock Exchange was demutualised from a member-owned not-for-profit entity into a shareholder-owned, profit making entity called the Nigerian Exchange Group Plc.

 

On which stock exchange does Dangote Sugar Refineries Plc have shares for sale?

Dangote Sugar Refineries Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol DANGSUGAR.

 

What type of company is Dangote Sugar Refineries Plc?

Dangote Sugar Refinery Plc is a Nigeria-based company, which is engaged in refining raw sugar into edible sugar and sells refined sugar.

 

In which industry and sector does Dangote Sugar Refineries Plc operate?

Dangote Sugar Refineries Plc forms part of the Consumer Goods Sector and Sub Sector: Food Products.

 

What is the price of Dangote Sugar Refineries Plc shares today?

At the time of writing, the current price of Dangote Sugar Refineries Plc shares was 17.60 NGN.

 

Is Dangote Sugar Refineries Plc a good investment?

Yes, Dangote Sugar Refineries Plc’s forecast indicates further growth and improvement in the second half of 2022, with investors expecting lucrative dividends and returns with increased financial performance.

 

What is the risk analysis for Dangote Sugar Refineries Plc?

Dangote Sugar Refineries Plc experienced a 52 week high stock price of NGN 22.25 and a 52 week low price of NGN 13.50, indicating a 52 week change of 28.89%. The Year to date loss was 1.14% at the time of writing.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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