• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

MTN Plc share price declines by 1.34%, takes market value down by N50.89 billion

Chidinma AnyalewechibyChidinma Anyalewechi
1 year ago
in Stock Market
MTN Nigeria outspends Airtel on Capex as race for data dominance intensifies
Share on FacebookShare on TwitterShare on Linkedin

At the end of today’s trading session, MTN Nigeria Plc share price depreciated by 1.34% to close at N183.50 per share, taking the market capitalization from N3.77 trillion to N3.74 trillion.

The telecommunication company, today recorded a decrease in share prices which can be attributed to investors’ negative sentiment which triggered sell-pressures in the shares of the company supporting a loss of N50.89 billion in market capitalization at the close of trading activities on Nigeria’s stock exchange.

The shares of the quoted company declined from N186.00 per share at the start of the trading day to N183.50 per share, the lowest price traded at the close of the market, to represent a decline of 1.34% which in monetary terms is N2.50.

Stock performance summary

The sell pressure witnessed in the shares of MTNN Plc negatively influenced the company’s market capitalization from N3.77 trillion to N3.74 trillion at the end of today’s trading activities, taking the loss to N50.89 billion.

The shares of MTNN Plc have gained 8.00% from year-to-date, starting the year at N169.90 and currently traded at N183.50. However, the shares of the company have returned about 16.88% gains for investors who bought them at their 52-week low trading price of N157.00 per share.

During today’s trading hours, 1,743,757 ordinary shares of MTNN Plc worth about N319.82 million, were exchanged in 115 executed deals.

In comparison, the shares of Airtel Plc closed flat at N955.00, at the end of today’s trading session.

What you should know

At the end of today’s trading activities, the NGX All-Share Index and market capitalization depreciated by 0.34% from the previous trading day, to close at 42,244.22 index points and N22.05 trillion respectively.

The NGX Industrial Goods Index appreciated by 0.02% to close the day at 2087.88 from 2087.55 index points.

Related

Tags: ASIMTN Nigeria PlcNGX

Leave a Reply Cancel reply

hfm
UBA
Mega Millions
Mega Millions
fidelity banner
HFM







NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • ROUNDUP: GSK Nigeria laments negative effects of forex scarcity on drug production
  • Foreign airlines’ trapped funds in Nigeria soar to $812.2 million, amid calls for action
  • Workplace best practices to fastrack your career growth

Follow us on social media:

Recent News

GSK Nigeria laments negative effects of forex scarcity on drug production

ROUNDUP: GSK Nigeria laments negative effects of forex scarcity on drug production

June 4, 2023
Foreign airlines' trapped funds in Nigeria soars to $812.2 million

Foreign airlines’ trapped funds in Nigeria soar to $812.2 million, amid calls for action

June 4, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In