Demand for BUA Cement and Others Lift Stock Market by N649bn

Nigerian Exchange — Legend International Jumps 9.1% Despite 36 Decliners in Weak NGX Session

Legend International rose 9.1% to 6.0 NGN on Thursday, June 25, 2026, while the NGX ASI added just 0.18% in a session with 36 decliners. The gap highlights selective mid-cap buying even as banks and Aradel weighed on the broader market.

NGX ASI rises 1.36% as MTN Nigeria and Seplat lead headlines

The NGX ASI closed up 1.358% at 1,815.89 on June 24, after a 0.84% decline on June 23, according to market data and analyst notes. MTN Nigeria drove 3 headlines in 3 days, committing to IFRS S1 and S2 compliance, vesting 129,129 shares worth NGN103.3 million to 6 employees, and appointing Bukola Ajayi as CIO, according to Tribune Online, TechNext.ng and CIO Africa. Seplat Energy also drew focus with Tony Elumelu's appointment as chairman, LEADERSHIP Newspapers reported. Analyst notes showed FTN Cocoa jumping 8.4% with cocoa at $4,986, while cement names fell 10%, underscoring a session shaped by sharp sector divergence.

Nigerian Exchange — DANGSUGAR Holds Up Better Than DANGCEM With NGN 667.7m Traded

DANGSUGAR slipped just 0.3% to NGN 70.9 on the day, but is down 4.2% over five sessions. The stock is holding up far better than DANGCEM, which has fallen 18.4% over the same stretch, even as the broader Nigerian market posts an index rebound.