’Femi AsuMTN Nigeria Communications Plc saw its share price fall on Friday for the first time since it got listed on the Nigerian Stock Exchange. The telecommunications company emerged as the fourth biggest loser at the end of trading on the NSE, as its share price declined by 6.04 per cent (N9) to N140. The share price gained N59 in six days to close at N149 on Thursday. The NSE admitted MTN Nigeria on its Premium Board at N90 per share on Thursday last week after the company’s listing by way of introduction. Analysts had said on Thursday that there might be some profit-taking activity in subsequent sessions after the stock market extended its gaining streak to six days.

Source: Punch May 25, 2019 00:25 UTC