As the curtain is drawn down on 2022, analysis of Airtel Africa and MTN Nigeria’s outing in the stock market showed investors patronising the telco stocks were more interested in the former in the last 12 months.
Ripples Nigeria gathered that telco stock was one of the best performing in the stock market within the period in review, however, Airtel took the larger share of the pie, with MTN making do with a smaller piece.
To better buttress the point, an investor who bought Airtel shares on January 4 at the cost of N955 per share, gained 87.05 per cent return on investment, compared to the person who acquired MTN stock, as 18.13 per cent return was made.
