Telecommunications company Airtel, is no doubt having a fantastic year, as the company which operates across 14 African countries, generated $1.2 billion in revenue, in the first half of 2022, growing by 13% from the same period last year.
Just recently Airtel’s share price posted gains of 10% in July, becoming one of the best-performing stocks of the trading month, following positive investors’ sentiment. The positive sentiment witnessed on shares of the telecom firm during the month of July, has resulted in investors of the company gaining about N651 billion at the close of trading on July 29th.
Airtel began the year with a share price of N955 and has since gained 99.5% on that price valuation, ranking Ninth on the Nigerian Exchange (NGX) in terms of year-to-date performance.
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Investors in the company will no doubt be overwhelmed with a feeling of ecstasy, smiling to the bank, as the company continues to perform exceptionally well since the beginning of 2022, giving investors massive returns on their investments.
It doesn’t come as a surprise that Airtel ranks as the 96th most traded stock on the Nigerian stock exchange over the past three months this year, from April 12 to July 18, 2022.
Despite the Covid-19 pandemic that put a constraint on many businesses across the globe, the company has continued to remain resilient since the pandemic period, with remarkable achievements in revenue.
Airtel has traded a volume of 7.65 million shares in 2,304 deals valued at N12.4 billion over the period, with an average of 121,433 traded shares per session. A volume high of N1.38 million was achieved on May 27th, and a low of 31 on April 13th, for the same period.
Shareholders at the company have been reported to have gained about N3.571 trillion at the close of the trading period on 18th July 2022. It is interesting to note that Airtel Africa is also listed on the London exchange markets.
The company has consistently positioned itself to compete for the foreseeable future, which is why it has consistently witnessed a significant increase in its revenue and gains in its shares. Airtel has continued to hit on all cylinders, as it expanded its business, by making a significant entry into the Fintech sector.
Its entry into the Fintech space was no doubt a remarkable entry, as the company Immediately partnered with British multinational banking and financial services company, Standard Chartered Bank, to enable the telecommunications company to deepen its financial inclusion drive across key markets.
Ever since Airtel commenced its mobile money operation in Nigeria, the company has continued to witness a strong addition in its market capitalization. As of July 2022, the local stock market witnessed a 1.71 percent growth as investors showed buying interest in some companies doing remarkably well, such as GTCO, Wema Bank, other equities, and Airtel inclusive.
It was reported that traders/investors did not hesitate to pounce on the stocks of these companies, with the hope that their prices would rise in the coming weeks. As an investor looking for where to invest, Airtel might be that destination, as the company has continued to give investors a massive return on investments.