NGX ASI rises 0.33% as MTN Nigeria rolls out 34 MWp of solar
The NGX ASI rose 0.3285% to 1,805.06 on June 17, in a mixed market where 52 stocks declined, according to analyst notes. MTN Nigeria partnered with First WATT to deploy 34 MWp of solar PV, 40 MWh of battery storage and EV charging infrastructure across critical facilities, according to FSX Business and SolarQuarter. On the corporate front, Africa’s largest bank is backing the Dangote refinery IPO, Techeconomy reports, with no additional timetable disclosed. Among stock moves, Cornerstone Insurance jumped 9.3% on June 17, while DANGSUGAR reached NGN 79.5 over 5 days despite broader market pressure, according to analysts.
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FCMB is drawing attention after falling 8.8% in five sessions to 10.9 NGN, even as the Nigerian market saw 52 decliners on June 17, 2026. The stock pairs a low 2.8 P/E with a weakened technical setup, reflected in an RSI of 40.79.
Nigerian Exchange — DANGSUGAR Climbs to 79.5 NGN in 5 Days Despite Weak Broader Market
DANGSUGAR rose 9.5% over five sessions to 79.5 NGN, even as only 14 of 71 tracked stocks advanced on the NGX. The move stands out in a narrowly positive market, with the NGX ASI up 0.33% but breadth firmly negative.