NGX ASI slips 0.31% despite BUA Cement's 80% profit jump and MTN's N1.11 trn PAT
The NGX ASI fell 0.3103% to 1,776.54 on July 23, after a 1.76 trillion-naira rally on July 21 led by FirstHoldCo and BUA Cement, according to Investors King. BUA Cement posted an 80% profit jump to 324.9 billion naira, driven by cost discipline and entry into new markets, according to Businessday NG. MTN Nigeria declared 1.11 trillion naira in profit after tax for FY 2025, with the share price cited at 760 naira, according to Proshare. Dangote Petroleum Refinery closed a $2.5 billion raise ahead of a Lagos stock market debut, according to Capmad, while Guinness Nigeria jumped 10% on July 23 despite the index decline, according to analyst reports.
Related stories
Market Bulletin Fortis Global Insurance Plc's Debt to Equity Conversion
Nigerian Exchange — May & Baker Jumps 9.9% to 42.85 NGN as NGX ASI Falls 0.82%
May & Baker Nigeria rose 9.9% to 42.85 NGN on Thursday, July 30, 2026, defying a 0.82% drop in the NGX ASI. The move highlights pharmaceuticals as a defensive pocket in a session where 40 of 66 stocks declined.
Nigerian Exchange — Transcorp Rises 2.8% as 43 Stocks Fall, Insurers Cushion Weak Tape
The NGX ASI added just 0.06% on July 29, 2026, even as 43 of 66 tracked stocks declined. Transcorp rose 2.8% to NGN 42.00, while insurers held up better as Brent jumped to $90.93 and the naira stayed broadly steady at 1,363.11 per dollar.