MTN Nigeria Hits 52-Week High as Investors Double Down Bets
MTN Nigeria Plc hit a new 52 weeks high in the Nigerian stock market on Friday as investors doubled down on their bets on telecommunication company stock.
The telco company’s share price rose to N531.70 on Friday, according to its trading data obtained from the Nigerian Exchange.
The positive price movement followed increased trading activities on the telecom company shares. Data showed that the telecom company share price surged by 7.26% over a huge trading volume of 2.643 million transacted at the total value of N1.383 billion on Friday.
Trading activities in MTN Nigeria Plc have been relatively strong, and the price surge suggests activities of buy-side actors taking positions ahead of Q4 earnings.
At the close of the trading session, the market value of MTN Nigeria’s 20.996 billion outstanding shares in the Nigerian bourse has increased to N11.163 trillion. #MTN Nigeria Hits 52-Week High as Investors Double Down Bets Eterna Sets Q1 2026 Post-Tax Profit at N485 Million
