NGX ASI falls 1.67% as NGX Group slides 6.5%
The NGX ASI closed at 1,480.83, down 1.6733% on March 26, while NGX Group dropped 6.5%, according to analyst reports. The decline partly reversed the 1.60% gain on March 23 and the N923 billion week-on-week advance reported on March 25, driven in part by buying interest in BUA Cement, according to THISDAYLIVE. Newsflow stayed focused on heavyweight names: MTN Nigeria posted a N1.1 trillion profit for 2025, while BUA Cement wants to raise capacity with a 3 mmtpa greenfield plant and a brownfield project, LEADERSHIP Newspapers reported. At the same time, income and sector themes remained prominent, with listed cement firms declaring N1.380 trillion in dividends, Nestle, MTN and Dangote Cement among companies with N24.3 billion in unclaimed dividends, and the oil and gas sector up 60.83% year-to-date, according to THISDAYLIVE.
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