NGX ASI rises 1.51% as BUA Cement and dividends drive focus
The NGX ASI rose 1.5124% to 1,427.69 on March 31, while Multiverse jumped 9.9%, according to analyst notes. BUA Cement tripled second-quarter profit as revenue surged and FX losses eased, Businessday NG reported, while WAPCO fell 2.3% over 5 days, according to analysts. Listed cement firms paid N1.380 trillion in dividends to shareholders, according to LEADERSHIP Newspapers. Unclaimed dividends at 10 firms fell 26% to N24.3 billion over 12 months, LEADERSHIP Newspapers reported, while MTN explained a record N1 trillion investment and persistent no-coverage zones, according to THISDAYLIVE.
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