MTN adds N126 billion in market boost as N3.4 billion Access Bank shares traded in single day

MTN Nigeria’s market value increased by N126 billion on May 20 as its market cap moved from N4.70 trillion to N4.83 trillion. MTN was a significant contributor to the NGX’s bullish run during the trading day as the market recorded a 0.05% gain. In terms of volume and value traded, Access Holdings led with 201.31 million shares worth N3.406 billion traded on May 20. The NGX’s All-Share Index closed at 98,176.58 points, representing a 50.85-point gain from the previous 98,125.73. Meanwhile, the overall market capitalization appreciated to N55.536 trillion, from the previous N55.508 trillion. May 20 was a voluminous trading day as 8,439 deals took place in the market compared to 6,934 from the previous trading day. The turnover volume in the market also appreciated by 188% to 405.662 million shares from the previous trading day’s volume of 140.772 million shares. However, in terms of value, there was a 29% decline to N6.69 billion from the previous day’s N9.42 billion.
https://nairametrics.com/2024/05/21/mtn-adds-n126-billion-in-market-boost-as-n3-4-billion-access-bank-shares-traded-in-single-day/