MTN trades for over N180 per share as NGX grows by N275bn

MTN Nig shares traded today as high as N186.80 per share, almost N20 more than the price of shares on offer. The communication company has enjoyed rally by investors in the secondary market for three consecutive trading days as the deadline for the MTN Nigeria shares on offer draws near.

The NGX, today, resumed the new week on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 126 basis point.

The NGX ASI closed at 42,411.12 points, to reflect a growth of 1.26% from the previous trading day and a Year-to-Date (YTD) return of 5.32%. Meanwhile, the market capitalization increased by N275.59 billion.

At the close of market today, Monday 13th December 2021, the stock exchange market value currently stands at N22.13 trillion from N21.85 trillion in the previous trading day.

The market breadth closed positive as MEYER led 23 gainers, and 16 Losers topped by NASCON at the end of today’s session.

The stock market has advanced 2,140.40 base points since the start of the year.

NGX ASI Top gainers

MEYER up +9.09% to close at N0.36

ACADEMY up +8.51% to close at N0.51.

FTNCOCOA up +8.11% to close at N0.40

GLAXOSMITH up +7.08% to close at N6.05.

MTN up +7.05% to close at N186.80.

NGX ASI Top losers

NASCON down – 6.79% to close at N13.05.

CORNERST down – 6.00% to close at N0.47.

WAPIC down – 5.88% to close at N0.48.

OANDO down – 4.26% to close at N4.72.

CHAMPION down – 4.06% to close at N2.60

NGX ASI Top Traded by Volume.

UNITYBANK – 48,316,045 units

UNIVINSURE – 21,100,000 units.

FBNH – 19,888,966 units.

UPDCREIT – 16,925,803 units

GTCO – 12,834,803 units.

NGX ASI Top Traded by Value.

NESTLE – N846,762,378.60

DANGCEM – N745,980,916.60

GTCO – N336,809,534.80

ZENITHBANK – N244,030,770.05

FBNH – N235,192,628.45

Market sentiments trend towards the bulls with the market differential being in favour of the advancers as 23 gainers surpassed 16 losers.