Market Wrap - Stock pick — MTN
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Nick Kunze from Sanlam Private Wealth chose MTN as his stock pick of the day.
"We like MTN, we favour it at the moment, I think I mentioned last time on your show we were buying it under R50 a share and we think it offers compelling value on these levels. Data, people working from home, exposure to Nigeria and the naira which is all of a sudden not so risky with oil having doubled in price in the last three weeks. So, MTN will remain my stockpick for now."
"We like MTN, we favour it at the moment, I think I mentioned last time on your show we were buying it under R50 a share and we think it offers compelling value on these levels. Data, people working from home, exposure to Nigeria and the naira which is all of a sudden not so risky with oil having doubled in price in the last three weeks. So, MTN will remain my stockpick for now."
