In a year characterised by dynamic shifts and shocks, particularly with tech companies in the Nigerian stock market (NSE), investors who ventured into MTN Nigeria, Airtel Africa, and eTranzact at the start of 2023 have experienced varying outcomes.
A comprehensive analysis by Technext reveals the performance of these three prominent tech companies stocks from January 3, 2023, to September 15, 2023.
At the commencement of the year, on January 3, 2023, the shares of MTN Nigeria, Airtel Africa, and eTranzact were valued at N215.00, N1,635, and N3.50, respectively.
If you invested N100,000 in MTN Nigeria’s shares at the beginning of the year, you would have seen your investment grow substantially. As of September, the value of this investment has increased by over 25%, so the stocks bought for N100000 is now worth about N125,628.
Conversely, Airtel Africa experienced a decline in its share price, dropping from N1,635 at the start of the year to its current trading value of N1,250. This decline translates to a loss of about 23% and investors who bought stocks worth a hundred thousand naira have incurred a loss of N23,540.
eTranzact emerged as the standout performer in this comparison, rewarding investors with remarkable gains. If you had invested N100,000 in eTranzact at the beginning of the year, you would have witnessed a remarkable 110% increase in your investment. As a result, the current value of their N100,000 investment has soared to an impressive N210,000.
on eTranzact
The current share price of E-Tranzact International (ETRANZACT) is NGN 7.35. ETRANZACT closed its last trading day (Friday, September 15, 2023) at 7.35 NGN per share on the Nigerian Stock Exchange (NGX), recording a 2.1% gain over its previous closing price of 7.20 NGN.
At the start of the year, the payment company’s shares were priced at 3.50 NGN. Since then, the company has experienced a 110% increase in value, placing it at the 30th position on the NGX in terms of year-to-date performance. It’s important to note that ETRANZACT has recently incurred a loss of 27% in value over the past four weeks, so investors should exercise caution.
E-Tranzact International is the 83rd most traded stock on the Nigerian Stock Exchange over the past three months (Jun 19 – Sep 15, 2023). the company has traded a total volume of 30.6 million shares—in 1,186 deals—valued at NGN 268 million over the period, with an average of 485,906 traded shares per session. A volume high of 6.96 million was achieved on July 12th, and a low of 110 on August 31st, for the same period.
Read also: eTranzact posts ₦1.01 billion profit in H1 2023, a 149% increase from H1 2022
on MTN Nigeria
As of 2019 when it was listed on the NSE, MTN Nigeria traded its ordinary shares at N90.00 per share. The appreciation in MTN Nigeria’s share by the end of 2019 was impressive as it gained 16.7 per cent, trading at NGN105 per share with 2,137,223,865 market capitalisation on December 31, 2019. The number of shares issued and fully paid at the end of 2019 was 20,354,513, according to its consolidated and separate financial statements for the year under review.
In 2020, the company’s market capitalisation grew by 61.8 per cent to 3,458,232 as against 2,137,224 that was recorded in 2019. In November 2021, MTNN’s share price reached an All-Time High (ATH) of NGN209.90 per unit a few days before its Public Offer went live on Primary Offer (an App developed by NGX).
The current share price of MTN Nigeria (MTNN) is NGN 270.10. The company closed its last trading day (Friday, September 15, 2023) at 270.10 NGN per share on the Nigerian Stock Exchange (NGX). MTN began the year with a share price of 215.00 NGN and has since gained 25.6% on that price valuation, ranking it 83rd on the NGX in terms of year-to-date performance.
MTN Nigeria is the 43rd most traded stock on the Nigerian Stock Exchange over the past three months (Jun 19 – Sep 15, 2023). MTNN has traded a total volume of 137 million shares—in 20,427 deals—valued at NGN 37.6 billion over the period, with an average of 2.17 million traded shares per session. A volume high of 21.3 million was achieved on August 24th, and a low of 370,851 on September 6th, for the same period.
On Airtel Africa
Airtel Africa Plc has been listed on the Nigerian Stock Exchange (NGX) since July 9th, 2019. The telecommunications company is traded on the NGX under the ticker symbol “AIRTELAFRI”. The International Securities Identification Number (ISIN) of NGX: AIRTELAFRI is GB00BKDRYJ47.
Despite the fall in share price, Airtel Africa Plc is currently the third most valuable stock on the NGX with a market capitalization of NGN 4.7 trillion, which makes up about 12.7% of the entire Nigerian Stock Exchange equity market.
The current share price of Airtel Africa Plc is NGN 1,250.00. AIRTELAFRI closed its last trading day (Friday, September 15, 2023) at 1,250.00 NGN per share on the Nigerian Stock Exchange (NGX). Airtel Africa began the year with a share price of 1,635.00 NGN but has since lost 23.6% off that price valuation, ranking it 152nd on the NGX in terms of year-to-date performance.
Over the past three months (Jun 19 – Sep 15, 2023), Airtel Africa has been ranked as the 109th most traded stock on the Nigerian Stock Exchange. During this time, there have been 2,789 deals with a total volume of 9.44 million shares, valued at NGN 11.9 billion. On average, 149,805 shares were traded per session. The highest volume of shares traded was 2.08 million on June 26th, while the lowest was only 927 on September 12th.
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