NGX ASI rises 1.39% as Stanbic IBTC hits a 52-week high
The NGX ASI closed up 1.3893% at 1,579.27 on April 13, while NGXGROUP jumped 10% as $101 oil boosted sentiment, according to analyst reports. Stanbic IBTC hit a 52-week high after a sharp intraday rally, MarketForces Africa reported, extending a run that also included a vehicle payment scheme launched with CIG Motors, according to Punch Newspapers. MTN Nigeria overtook Zenith Bank as the country's most profitable listed company, The Africa Report said, after announcing on April 6 the exit of 1 non-executive director, according to Proshare, while Techpoint Africa reported a bonus for its chief executive. Seplat Energy resumed operations after workers halted a strike and reached an interim wage agreement, MyJoyOnline and Investors King reported, while Nigerian Breweries said there were 0 casualties after a fire incident in Aba, according to Vanguard News.
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