Investors pitched their tents with MTN Nigeria ahead of the third quarter of 2025 earnings release. The telecom company’s market value edged higher to about N10.5 trillion, its record high on the Nigerian Exchange.
Investors seeking positions are on the rise, with projections showing the telecom company will maintain its earnings growth and strengthened balance sheet quality.
With higher earnings expectations, equity analysts have raised their target prices for the telco, which controls about 60% of the market share in the Nigerian telecom sector.
Some stockbrokers confirmed that MTN Nigeria will continue to court attention from investors seeking to take positions before its next earnings, fuelling market re-rating on the Nigerian Exchange.
Its trading data from the local bourse showed MTN Nigeria trades at N500, its highest value in 52 weeks and its historical high since it became a listed company in the local bourse.
The share price spiked by 4.17% to N500 as 2.461 million units of MTN Nigeria valued at N1.211 billion were traded on Wednesday. Hence, the market value of the telecom company’s 20.995 billion shares outstanding climbed to N10.497 trillion.
The market anticipates that MTN Nigeria will release its Q3 earnings in the coming days. Analysts projected a bumper harvest given the strong industry fundamentals.
The Nigerian equity market is expected to sustain its bullish momentum as improved investor sentiment is likely to support market stability, reinforce gains, and boost confidence through Q4 2025.
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