NGX ASI rises 1.65% as MTN and Lafarge drive the session
The NGX ASI rose 1.6521% to 1,687.78 on May 6, with AIICO and CAP up 10% according to analyst notes. MTN Nigeria said it transferred its fintech operations to its parent company in a 152 billion naira restructuring, while Proshare reported 2025 profit after tax of 1.11 trillion naira and a share price of 760 naira. Lafarge Africa reached a 5.6 trillion naira market value after profit surged 101%, and westernpost.ng reported a proposed 96.64 billion naira dividend. Analyst notes added that DANGSUGAR jumped 34.3% in 5 days to 90 naira, extending momentum already seen in consumer names.
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NGX ASI falls 1.06% as Stanbic IBTC posts NGN551.7 billion profit
The NGX ASI closed at 1,799.88, down 1.0647% on June 26, while IKEJAHOTEL rose 10% and BUACEMENT fell 17.8% over 5 days, according to analyst notes. Stanbic IBTC posted a record NGN551.7 billion profit in 2025 and raised its dividend, Marketing Edge reported. Seplat Energy appointed Elumelu as chairman and Okon as CEO to lead its next growth phase, while the company highlighted gas growth and production expansion, according to THISDAYLIVE and LEADERSHIP Newspapers. MTN Nigeria committed to ethical conduct with compliance with IFRS S1 and S2, Tribune Online reported.
Nigerian Exchange — BUACEMENT Slides 17.8% in 5 Days Despite 2.94% Yield
BUACEMENT fell 17.8% over five sessions, from 414.0 NGN to 340.2 NGN, as the Nigerian market dropped 1.06% on Friday. The pullback leaves the stock at an RSI of 41.81, but valuation still looks demanding at a 32.4 P/E.