Shares In MTN Down More Than 10 percent, Trades Ex-Dividend | Independent Newspapers Limited
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Shares In MTN Down More Than 10 percent, Trades Ex-Dividend

Posted: Mar 24, 2016 at 2:30 pm   /   by   /   comments (0)

Reuters

Shares in South Africa’s MTN fell more than 10 percent on Thursday as the stock traded ex-dividend, or without the right to its latest dividend, and as economic worries about its largest market Nigeria continue.

“Ex-dividend accounts for about 8.30 rand of the fall and the rest is still concerns about the Nigerian economy,” said Cratos Capital equities trader Greg Davies.

Shares in MTN were down 10.2 percent at 127.41 rand by 1218 GMT.