MTN loses R22.55 billion in one day

• MTN lost R22.55 billion in one day due to a 5.99% decline in its shares following a trading update.
• The decline was attributed to a potential 30% decrease in half-year earnings, despite adjusted first-half earnings climbing 23% due to improved results from Nigerian, Ghanaian, and Ugandan operations.
• The company's market capitalisation fell to R354.27 billion, and its shares dropped to their lowest level since 21 April, with a year-to-date gain pared to 16%.