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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NGX ASI rises 0.23% as MTN Nigeria sets ₦26 interim dividend
The NGX ASI rose 0.23% to 1,858.63 on Aug. 21, in a narrow market where RT Briscoe jumped 9.6%, according to the market notes provided. MTN Nigeria approved an interim dividend of ₦26 per share with a Sept. 7 payment date, TechAfrica News reported. Transcorp Power posted H1 2026 results showing firm margins and a resilient balance sheet despite disruption from grid vandalism, according to Proshare. Stanbic IBTC also upgraded its corporate transaction platform to Nucleus Software's FinnAxia 9.0, FinTech Futures reported.
Nigerian Exchange — DANGSUGAR Falls 2.8% to 67.9 NGN Despite a 5.2% Weekly Gain
DANGSUGAR closed down 2.8% at 67.9 NGN on August 21, 2026, ranking among the NGX’s notable decliners. Even so, the stock is still up 5.2% over five sessions, outperforming a market where the NGX ASI added just 0.23% on the day.
Nigerian Exchange — RT Briscoe Jumps 9.6% as NGX ASI Adds 0.23% in a Narrow Market
The NGX ASI rose 0.23% in the week ended August 21, 2026, even as market breadth stayed negative at 18 gainers versus 28 losers. RT Briscoe led advancers with a 9.6% jump, while Brent at $94.16 a barrel helped underpin commodity-linked names.