MTN share price declines by 1.34%, takes market value down by ₦50.89bn

At the end of today’s trading session, MTN Nigeria Plc share price depreciated by 1.34% to close at ₦183.50 per share, taking the market capitalization from ₦3.77 trillion to ₦3.74 trillion.

The telecommunications 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 capitalisation at the close of trading activities on Nigeria’s stock exchange.

The shares of the quoted company declined from ₦186.00 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.

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During today’s trading hours, 1,743,757 ordinary shares of MTNN Plc worth about ₦319.82 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.

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.

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