NGX ends near flat at 1,782.07 after banks offset BUA Cement swings
The NGX ASI closed at 1,782.07, up 0.041% on July 22, after a volatile stretch shaped by BUA Cement losses and a banking-led rebound. BUA Cement fell 19.1% over the week and remains 40% below its 52-week high, according to Tribune Online and MarketForces Africa, after a July 17 selloff reported by The Guardian Nigeria News. The recovery then gathered pace with a 1.76 trillion naira market-cap gain on July 21, led by FirstHoldCo and BUA Cement, according to Investors King, while First HoldCo jumped 9.9% on 19.01 billion naira in turnover, analyst notes showed. Trading stayed selective on July 22, with Cadbury, Unilever and TRANSEXPR up 10%, while a market bulletin flagged the suspension of trading in Aluminium Extrusion Plc shares.
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