NGX ASI drops 2.54% as cement stays in focus with N1.380trn dividends
The NGX ASI closed at 1443.22, down 2.5398% on March 27, after declines of 1.03% on March 24 and 1.67% on March 26, according to market data and analyst notes. Cement stayed at the center of the story: listed cement firms paid shareholders N1.380trn in dividends, according to LEADERSHIP Newspapers, while THISDAYLIVE reported on March 25 that the market had gained N923bn week-on-week on buy interest in BUA Cement. BUA Cement wants to raise capacity with a 3mmtpa greenfield plant and a brownfield project, according to LEADERSHIP Newspapers, keeping the sector in focus despite the index selloff. Transcorp Power profit could rise to N114bn on capacity expansion, Businessday NG reports.
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