MTN Nigeria Plc Share price slightly increased ahead of it Fourth quarter of 2023 earnings released. The telecom share price moved downward to N290 as of Friday close, from N293.90 at the beginning of the week despite sustained rally.
According to the data gathered at the Nigeria Stock Exchange, MTN plc is currently ranked as third most valuable in the local bourse. MTN market valuation settled at N6.088 trillion with over 20.995 billion of shares.
MTN telecom companies market valuation and Dangote Cement plc market valuation are almost equal after strong buying in the cement name.
The telecom company share performance moved in diverge direction against booming local bourse which gained more than N1 trillion last week. The market expects the company to release its financial scorecard for the last quarter of 2023 in February.
The company told the Nigeria Exchange it would no longer be considered for the audited financial statement for 2023 initially scheduled for January 30 as its previously communicated to the market.
