BUA Cement, Lafarge Rally Lifts NGX Despite 0.99% Index Decline
The NGX ASI closed at 1476.84 points, down 0.99% according to market data. BUA Cement rallied sharply, hitting a record high of 326.7 NGN following a proposed 10 NGN dividend announcement, reports Nairametrics and MarketForces Africa. Lafarge Africa also hit a 52-week high on a 400% dividend surge. MTN Nigeria reported a 1.1 trillion NGN profit for 2025, overtaking South Africa as MTN Group's biggest profit engine, according to Punch Newspapers and TechAfrica News.
Related stories
NGX ASI rises 1.65% as MTN and Lafarge drive the session
The NGX ASI rose 1.6521% to 1,687.78 on May 6, with AIICO and CAP up 10% according to analyst notes. MTN Nigeria said it transferred its fintech operations to its parent company in a 152 billion naira restructuring, while Proshare reported 2025 profit after tax of 1.11 trillion naira and a share price of 760 naira. Lafarge Africa reached a 5.6 trillion naira market value after profit surged 101%, and westernpost.ng reported a proposed 96.64 billion naira dividend. Analyst notes added that DANGSUGAR jumped 34.3% in 5 days to 90 naira, extending momentum already seen in consumer names.
Nigerian Exchange — DANGSUGAR Jumps 34.3% in 5 Days to 90 NGN
DANGSUGAR surged 34.3% in five sessions and added 6.8% on Wednesday to 90 NGN, ranking among the NGX’s most active names. The move far outpaced the NGX ASI’s 1.65% gain and leaves the stock in a stretched technical zone, with RSI at 74.55.
Nigerian Exchange — AIICO and CAP Jump 10% as NGX All Share Index Gains 1.65%
AIICO and CAP led the Nigerian market with 10% gains each as advancers beat decliners 43 to 22. A 7.5% drop in Brent to $101.6 and a firmer naira at 1,356.55 per dollar helped shift attention toward domestic-facing equities.