NGX ASI jumps 4.81% as cement names and select stocks drive gains
The NGX ASI rose 4.8127% to 1,496.4 on April 1, despite 41 decliners, while RT Briscoe jumped 8.8% and ARADEL gained 4.1% over 5 days, according to market notes. Cement stocks underpinned the narrative as listed producers paid out N1.380 trillion in dividends, while BUA Cement tripled quarterly profit as FX losses eased and revenue surged, Businessday NG reported. Lafarge Africa separately reached N1.1 trillion in 2025 revenue, according to LEADERSHIP Newspapers. Outside industrials, MTN Nigeria explained a record N1 trillion investment and persistent no-coverage zones, THISDAYLIVE said, while unclaimed dividends at 10 firms fell 26% to N24.3 billion over 12 months, according to LEADERSHIP Newspapers.
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