🔴 MTN Nigeria is trading 3.23% down today as investors took profits in large-cap Nigerian equities

MTN Nigeria is trading 3.23% down now at NGN 779 after investors took profits in highly capitalized Nigerian equities.

• Profit-taking affected MTN Nigeria, Aradel Holdings, Zenith Bank, and First HoldCo.
• The broader market also weakened.
• The revised CBN OMO framework broadened access to high-yielding securities, increasing competition for equity investment funds and encouraging portfolio reallocation toward OMO securities.