Market Bulletin Activation of Dangote Sugar Refinery Plc's Rights

MTN Nigeria posts N1.09tn H1 profit as NGX ASI rises 1.05%

The NGX ASI closed at 1774.11, up 1.0474% on July 31, after posting a 1.05% weekly gain according to analyst reports. MTN Nigeria reported a record N1.09tn pre-tax profit for H1 2026 and declared a N26 interim dividend, Arise News reported, despite recent pressure on the stock flagged by analysts. Seplat signed a $281.6 million deal to sell a 10% JV stake to NNPC while retaining operatorship, according to Arise News, after the stock fell 2.0% over 5 days in analyst notes. The weekly advance was also led by Eterna and insurers, while DANGCEM jumped 8.7% and NGXGROUP gained 18.9% over 5 days, analyst reports showed.

Nigerian Exchange — DANGSUGAR Stalls at 78.7 NGN as DANGCEM Jumps 8.7%

DANGSUGAR closed at 78.7 NGN after a nearly flat 5-day run of -0.3%, while DANGCEM climbed 8.7% to 1,047 NGN. The divergence shows the Nigerian market is currently rewarding infrastructure and yield exposure more than sugar.

Nigerian Exchange — NGX ASI Gains 1.05% as Eterna, Insurers Rally While MTN Drags

The NGX ASI rose 1.05% in the week to July 31, 2026, led by Eterna (+10.0%), Consolidated Hallmark (+10.0%) and Regency Alliance (+10.0%). Trading value was dominated by Seplat, while Fortis Global Insurance’s debt-to-equity conversion pushed insurers back into focus.