MTN surges on expected earnings growth
Trading update drives positive sentiment, analyst says
12 February 2020 - 11:59
UPDATED 12 February 2020 - 16:04
The share price of Africa’s largest mobile operator, MTN, surged on Wednesday, adding more than R7bn to the company’s value on the JSE thanks to a trading update this week that forecasts double-digit earnings growth.
MTN rose as much as 7.82% during the day, before settling at R88.01 a share, a 5.9% increase and the highest close for the year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.