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|MTN Market Cap Skyrockets To N2.95trn As Shares Price Hits New High Of N144.85 by SKYTREND(m): 12:32pm On May 22, 2019|
The share price of MTN Nigeria Communications Plc increased to N144.85 as at 10:35am on Wednesday May 22, 2019 from N131.7 recorded on Tuesday, bringing the cumulative value (stock market cap) to N2.95trillion.
The share price increased by N13.15 or 9.98 percent which represents its daily allowable limit. The stock gained a total of N270billion on Wednesday., according to Business Day reports.
At this level, the total value of MTN Nigeria stocks is just about N250billion less than that of Dangote Cement Plc at N3.203trillion.
It implies that if MTNN achieved another 10percent permissible limit on Thursday May 23, it will surpass Dangote Cement Plc as the most capitalized stock on the Nigerian Stock Exchange.
Read more: https://skytrendnews.com/2019/05/22/mtn-market-cap-skyrockets-to-n2-95trn-as-shares-price-hits-n144-85/
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