NGX ASI rises 0.73% after MTNN's 10% drop and Prestige's 10% jump
The NGX ASI rose 0.729% to 1,826.72 on June 30, after the previous session saw 36 decliners, a 9.2% jump in UPDC and a 10% drop in MTNN, according to analyst reports. MTN Nigeria stayed in focus with insider share purchases worth 921.8 million naira across 5 tranches, TechNext.ng reported, while Tribune Online said the company committed to IFRS S1 and S2 compliance. Seplat Energy generated 3 headlines with the appointment of Elumelu as chairman and Okon as CEO, plans centered on gas growth and production expansion, and an energy and dividend company of the year award, according to THISDAYLIVE and LEADERSHIP Newspapers. On earnings, Stanbic IBTC posted a record 551.7 billion naira profit for 2025 and raised its dividend, according to Marketing Edge, while Prestige Assurance jumped 10% despite weakness in insurers, analyst reports showed.
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NGX ASI rises 0.23% as MTN Nigeria sets ₦26 interim dividend
The NGX ASI rose 0.23% to 1,858.63 on Aug. 21, in a narrow market where RT Briscoe jumped 9.6%, according to the market notes provided. MTN Nigeria approved an interim dividend of ₦26 per share with a Sept. 7 payment date, TechAfrica News reported. Transcorp Power posted H1 2026 results showing firm margins and a resilient balance sheet despite disruption from grid vandalism, according to Proshare. Stanbic IBTC also upgraded its corporate transaction platform to Nucleus Software's FinnAxia 9.0, FinTech Futures reported.
Nigerian Exchange — DANGSUGAR Falls 2.8% to 67.9 NGN Despite a 5.2% Weekly Gain
DANGSUGAR closed down 2.8% at 67.9 NGN on August 21, 2026, ranking among the NGX’s notable decliners. Even so, the stock is still up 5.2% over five sessions, outperforming a market where the NGX ASI added just 0.23% on the day.
Nigerian Exchange — RT Briscoe Jumps 9.6% as NGX ASI Adds 0.23% in a Narrow Market
The NGX ASI rose 0.23% in the week ended August 21, 2026, even as market breadth stayed negative at 18 gainers versus 28 losers. RT Briscoe led advancers with a 9.6% jump, while Brent at $94.16 a barrel helped underpin commodity-linked names.