MTN Nigeria Trades Flat at N9.133trn as Momentum Paused
MTN Nigeria Plc has paused the momentum, with telecom company share trading flattish at N435 in the equity segment of the Nigerian Exchange (NGX).
The stock market price of the telecommunication company is more than 12% below its highest value in 52-week, as per trading record in the local bourse.
Data from the Nigerian bourse revealed that MTN Nigeria share price flat lined over the past seven trading sessions in the absence of significant activities that could shake its value.
The telecom share price had surged to N495 in the local bourse on the back of positive investment sentiment in spite of zero dividend payment in recent past year.
The company’s earnings recovery however put MTN Nigeria on the path to pay dividends, though analysts have been unable to form consensus about when shareholders will see dividend payments.
Most optimistic earnings projection for the telecom company suggest the return of dividend payment in 2026, given that its shareholders fund still close negative in the first half of 2025.
The Nigerian Exchange valued MTN Nigeria’s 20,995,560,103.00 at 9,133,068,644,805 at the close of trading session on Thursday, 12.12% discount to its highest value in the last 52 weeks. #MTN Nigeria Trades Flat at N9.133trn as Momentum Paused#
