Market Bulletin Change in the Timing of the Commencement of Trading in Newly Listed Securities

African Alliance Insurance Recapitalization Update

Nigerian Exchange — DANGSUGAR Falls 8.1% in 5 Days as DANGCEM Reshapes Sector Trade

DANGSUGAR slid 8.1% over five sessions to 77.0 NGN while DANGCEM rose 8.7% to 1,047.0 NGN. With the NGX ASI up 1.31% but decliners beating advancers 43 to 9, the divergence points to sharp rotation inside the Dangote complex.

Nigerian Exchange — Nigeria REIT Jumps 9.7% as 43 Losers Expose a Split Market

Nigeria REIT rose 9.7% to 113.0 NGN on 2.03 billion in volume even as only 9 of 58 tracked stocks advanced. The NGX ASI’s 1.31% gain masked a defensive rotation in a market where 43 names fell.