Shares of telecom giant MTN Nigeria gained 10 percent, the maximum permissible increase, on its second of trading day in Lagos.
As at 11:34 on Friday the stock was trading at N108.9 in Lagos, and volume traded stood at 528,600. This helped push the All Share Index by 1.6 percent as 11.34am.
MTN listed on the Nigerian Stock Exchange on May 6 by introduction, which means that it did not raise capital. The stock was listed at N99.

