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MTN surges on expected earnings growth

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MTN share price surges on expected earnings growth

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.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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