NGX ASI jumps 2.70%, snapping a four-session losing streak
The NGX ASI rose 2.697% to 1,690.7 on May 20, after declines of 1.01% on May 19 and 0.95% on May 18, according to market data and analyst bulletins. The rebound snapped a four-session losing streak, led by BUA Cement and large-cap banks, according to Nairametrics, while ABC Transport climbed 10% on May 20, according to an analyst note. On the corporate front, Lafarge Africa reported 1.10 trillion naira in revenue and 411 billion naira in profit before tax for 2025, up 170%, Proshare reported. TTYBrand Africa added that Tony Elumelu is set for a Seplat board role after a $500 million energy deal.
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Nigerian Exchange — ABC Transport Jumps 10% as NGX All Share Index Climbs 2.70%
ABC Transport rose 10% to 8.26 NGN on Wednesday, May 20, 2026, as renewed interest in transport names met a 2.70% jump in the NGX All Share Index. Brent’s slide below $106 a barrel and positive market breadth of 44 gainers to 23 losers helped support domestic cyclical stocks.
BUA Cement, Large-Cap Banks Gain as All-Share Index Snaps Four-Session Losing Streak
BUA Cement, large-cap banks gain as All-Share Index snaps four-session losing streak Nairametrics
NGX ASI falls 1.01% despite strong Lafarge and MTN earnings momentum
The NGX ASI closed at 1,646.3, down 1.0078% on May 19, despite pockets of strength as FTN Cocoa and Zichis each rose 10% and Oando also jumped 10% on 1 billion naira in turnover, according to analyst reports. Lafarge Africa reported 1.10 trillion naira in revenue and 411 billion naira in profit before tax for 2025, up 170%, Proshare reported. MTN Nigeria drove the South African group’s first-quarter earnings growth, while its return to profit was supported by FX stability and data growth, according to MarketForces Africa and Nairametrics. BUA Cement released its 2025 audited financial statements, Seplat Energy set the FX rate for its 2025 naira dividends, and Fitch affirmed Stanbic IBTC Holdings at AAA(nga) with a stable outlook, according to Proshare, TipRanks and MarketForces Africa.