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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Nigerian Exchange — NGX ASI Slips 0.21% as Three Stocks Jump 10% and Breadth Stays Strong
The NGX ASI fell 0.21% this week to 1,839.03, but market breadth stayed firm with 31 gainers against 14 losers. Omatek, Tantalizers and Daar Communications rose 10%, while Fortis Global Insurance announced a share reconstruction.
Market Bulletin Fortis Global Insurance Plc's Share Reconstruction
NGX ASI rises 0.88% despite 31 decliners, with Stanbic and Seplat in focus
The NGX ASI closed at 1,842.88, up 0.8846% on July 1, after a choppy stretch in which 31 stocks fell despite gains of 10% for Austin Lazers and 9.9% for Guinea Insurance, according to July 1 analyst notes. The move extends a rebound from June 29, when UPDC jumped 9.2% but MTN Nigeria slid 10% amid 36 decliners, according to analyst notes. On the corporate front, Stanbic IBTC posted a record 2025 profit of naira 551.7 billion and raised its dividend, reports Marketing Edge, while Seplat Energy named Elumelu chairman and Okon CEO on June 25 and highlighted gas growth and production expansion, according to THISDAYLIVE and LEADERSHIP. MTN Nigeria also recorded insider share purchases worth naira 921.8 million across 5 tranches, according to TechNext.ng, and said it is complying with IFRS S1 and S2, reports Tribune Online.