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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.