Airtel Africa Steadies at N8.9trn on Thin Volume
Airtel Africa Plc market value has remained at N8.916 trillion due to thin trading activities on the stock after its earnings release on the Nigerian Exchange trading platform.
The telecom company stemmed share price volatility with buyback programmes that has eliminated retails investors touch. This has effectively reduced trading activities on the telecom stock which commands highest market value in the equities market.
Trading at 52-week high, Airtel Africa is priced at N2372.50 in the equities market. Hence, the market value of the telecom company’s 3.758 billion shares outstanding has steadied at N8.916 trillion, the highest in the Nigerian Exchange. #Airtel Africa Steadies at N8.9trn on Thin Volume#
