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    Wednesday, May 20
    Analysis

    MTN Nigeria Hits 52-Week High as Investors Double Down Bets

    Julius AlagbeBy Updated:No Comments1 Min Read
    MTN Nigeria Hits 52-Week High as Investors Double Down Bets
    MTN

    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

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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