BUA Cement, FirstHoldCo lift NGX despite negative breadth
The NGX ASI rose 0.52% to 1,774.27 on July 27, after a 0.65% weekly decline as of July 24, according to the analyst report provided. FirstHoldCo jumped 4.6% on 3.44 billion naira traded despite negative breadth, while the market had already added 1.76 trillion naira on July 21, according to Investors King. BUA Cement stayed at the center of trading: its H1 net profit reached 324.88 billion naira, helped by 16.57 billion naira in foreign-exchange gains and higher pricing, according to Proshare and Premium Times Nigeria, after a 19.1% weekly slump flagged by Tribune Online. In corporate news, MTN Nigeria posted 1.11 trillion naira in FY 2025 profit after tax, Transcorp Power reported 54.99 billion naira in H1 2026 pretax profit with a 1.50 naira interim dividend, while Dangote Petroleum Refinery closed a $2.5 billion raise ahead of a Lagos listing, reports Capmad.
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