NGX ASI falls 1.09% as Seplat restarts and First HoldCo jumps
The NGX ASI closed at 1,490.53, down 1.0929% on April 7, while First HoldCo jumped 9.1% on NGN 3.19 billion in turnover, according to the analyst report provided. Seplat Energy resumed operations on April 6 after strike action was halted and an interim wage agreement was reached with the union, according to Investors King and MyJoyOnline. MTN Nigeria announced the exit of non-executive director Mazen Mroue, Proshare reported. The day’s flow also included 4 NGX regulatory notices, including 2 delisting notices for April 2026 and 2 circulars on disciplinary actions against trading license holders and approved persons.
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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.
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