Newsonline reports that at the end of yesterday’s trading session, MTN Nigeria Plc share price depreciated by 0.49% to close at N205 per share, taking the market capitalization to N4.17 trillion.
The telecommunications company recorded a decline in share prices which can be attributed to investors’ negative sentiment which triggered sell-offs dragging the company’s value down by 49 basis points.
Hence, sell-pressures in the shares of the company resulted in a loss of N20.35 billion in market capitalization at the close of trading activities on Nigeria’s stock exchange.
The shares of the quoted company decreased from N206 per share at the start of the trading day to N205 per share, the lowest price traded at the close of the market, to represent a decline of 0.49% which in monetary terms is N1.00.
At the end of the yesterday’s trading activities, the NGX All-Share Index and market capitalization depreciated by 0.02% from the previous trading day, to close at 47,428.67 index points and N25.56 trillion respectively.
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