NGX ASI falls 0.84% as FCMB drops 6.5% despite Guinea Insurance's 10% jump
The NGX ASI closed at 1,791.56, down 0.8424% on June 23, while Guinea Insurance jumped 10% despite the broader decline, according to analyst notes. FCMB fell 6.5% to NGN10.15, deepening pressure on bank stocks, after GTCO's 10% gain on June 22 had masked a more fragile market, analysts said. Away from the index, MTN Nigeria vested 129,129 shares worth NGN103.3 million in 6 employees and appointed Bukola Ajayi as CIO, according to TechNext.ng and CIO Africa. In energy, Tony Elumelu was appointed Seplat Energy chairman, according to LEADERSHIP Newspapers, while ARADEL slipped 4.6% over 5 days despite Brent at $77.54, analysts said.
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MTN leads NGX headlines as ASI rises 0.86% to 1,895.85
The NGX ASI rose 0.8613% to 1,895.85 on Aug. 13, despite 33 decliners, while John Holt jumped 9.9% after its Q2 results, according to analyst notes. MTN Nigeria dominated headlines with N1.62 trillion to N1.63 trillion in capex and N3 trillion in H1 revenue, while its fintech revenue fell 7% after lending rules, according to APAnews, Punch and The Guardian Nigeria. The group is still awaiting CBN approval to complete the sale of a 60% stake in its fintech unit, Business Post Nigeria reported, keeping the transaction conditional. Elsewhere, BUA Cement wants to lift capacity with a 3 mmtpa greenfield plant and a brownfield project, according to LEADERSHIP, while the JSE is pursuing a secondary listing for Dangote Refinery’s $5 billion IPO, Financial Nigeria reported.
Nigerian Exchange — DANGSUGAR slides 9.1% in 5 days as DANGCEM rebounds 8.7%
DANGSUGAR fell to 70.0 NGN after a 9.1% five-day drop, even as the NGX ASI gained 0.86%. The contrast with DANGCEM, up 8.7% to 1,047.0 NGN, points to a clear rotation inside the Dangote universe.
Nigerian Exchange — John Holt Jumps 9.9% on Q2 Strength Even as 33 Stocks Fall
John Holt rose 9.9% to 10.0 NGN on Thursday, August 13, 2026, helped by an earnings-and-expansion narrative in a mixed market. The NGX ASI added 0.86% to 1,895.85, but decliners still outnumbered gainers 33 to 17.