MTN leads Nigeria profits as NGX ASI posts a 0.73% weekly gain
The NGX ASI stood at 1,557.63, up 0.7347%, after a week supported by near-10% gains in INTBREW and CHAMS, according to market data and April 10 analyst notes. MTN Nigeria overtook Zenith Bank as the country's most profitable listed company, The Africa Report said on April 8, while Techpoint Africa reported on April 9 that its chief executive received a large bonus. Trading stayed split, with Transcorp Express up 9.9% on April 9 and Univinsure up 10% on April 8, while DANGSUGAR fell 3.1% over 5 days and DANGCEM was broadly flat, according to analysts. On the regulatory side, the NGX on April 9 published the delisting of DN Tyre and Rubber Plc and Greif Nigeria Plc, alongside an addendum to Access Holdings Plc's private placement.
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