March 25, 2023

MTN Share Price Dips To N225 As Market Capitalization Down N4.58

MTNN Plc share price dipped during the week to close at N225.00 from N229.90 it closed the previous week.

Similarly, the telecom’s market cap declined to close the week at N4.58 trillion from N4.67 trillion in the previous week.

Dailynewscover  reports that as a competitor of Airtel Nig Plc, MTN’s total market capitalization is N1.47 trillion lower than Airtel Africa’s current market value.

MTNN Plc is the second-most capitalized company on the Nigerian Exchange (NGX). The company released its Q3 2022 financial result, reflecting a 21.9% growth in revenue to stand at N504.8 billion for the period, from N414.05 billion, while profit after tax grew by 11.4% from N78.48 billion in H1 2021 to N87.41 billion in the current period.

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