MTN Nigeria Slumps 9% on Huge Trading Volume, Value
MTN Nigeria Plc slumped by about 9% on the Nigerian Exchange amid a surge in transaction volume driven by sell-side actors. The share price declined, dragging MTN Nigeria’s market value back from the 52-week high reached after its Q1 2026 earnings.
Details from the Nigerian Exchange showed that MTN Nigeria’s share price fell N836 on Tuesday from N915, its all-time high. The telecom company’s share price pulled back as 12.810 million units of MTN Nigeria shares, valued at N10.718 billion, were traded.
The sell action reduced the market value of the telecom giant to N17.552 trillion, according to details obtained from the Nigerian bourse.
Equity analysts anticipate MTN Nigeria’s earnings to act as a catalyst for a fresh re-rating of the stock, but early profit-takers could become a drag. Analysts expect the stock to pick up during the week in the absence of a stiff market correction. CBN Targets N700bn Raise from Nigerian Treasury Bills Auction
