How To Invest In MTN Nigeria Communication Plc Shares – Femtoptech

How To Invest In MTN Nigeria Communication Plc Shares

May 17, 2019
100 Views

How To Invest In MTN Nigeria Communication Plc Shares

The listing of MTN Nigeria Communication Plc shares on the Premium Board of the Nigerian Stock Exchange was on Tuesday approved. The shares price is placed at a unit price of N90 per share, making it the second largest listed company in Nigeria. The shares started trading around 2.14 PM on Thursday, only 16 minutes before the market closed for the day.

MTN stocks provide an amazing investment opportunity for anyone who wishes to invest. With revenue of 282 billion naira in the first quarter and has solidified its place as Nigeria topmost communication giant, putting your money in MTN stock would be a good investment according to analysts.

READ MORE  MTN Nigeria launches Direct to Retail mobile app for VTU retailers

If you are interested in investing in MTN Nigeria stocks, then you can follow this guide to get on with it. Investing in stock today is quite easy unlike before, here are the three basic steps you should take to make your investment.

Open An Account With A Stockbroker

A stockbroker is your access to the market. They are licensed to trade share and other instruments like commodities, indices, and currencies. Typically, you will need millions to invest in stocks, but the stockbroker buys in large quantity and allows individuals to open mini trading accounts with little capital.

There is a list of licensed stockbrokers by the Nigerian Stock Exchange (NSE) and the Security and Exchange Commission (SEC). Here is a list of licensed stockbrokers with the NSE coned from the NSE Website >>http://locals.com.ng/list-of-active-members-stock-traders-with-the-nigerian-stock-exchange/<<

READ MORE  MTN Nigeria is no more a private company

Choose a stockbroker that will suit you. Check for their charges and features. Most brokers have apps that allow you to trade on your phone; some have various other tools that aid your trading. Choose the one that suits your trading style.

The requirement for opening an account is no different from those you need to open a bank account.

Fund your account

After opening your account, you need to fund it to be able to place an order for shares. The MTN Nigeria share has a price of N90/share, so you have to furnish your account with enough funds to purchase as many shares as you want. You can chat up your broker to know of any charges and make inquiries if you are confused.

READ MORE  How To Activate 9Mobile 100% Double Data Bonus Plan For April 2018

Place your orders

The final step of the process is to place your orders. As stated earlier, most stockbrokers have online platforms where you can easily place your orders. However, if you find it difficult getting through with it, then simply email your broker to place the orders for you.

Note that each stockbroker has a minimum number of shares you can buy. Some allow as low 5,000, 10,000, and upwards.

The MTN Nigeria share rose by 10 percent at the close of market yesterday Thursday, May 16, 2019, giving it a market value of 2.01 trillion naira. There is a massive rush for MTN shares and the time to invest is now.

You may be interested

9mobile Ramadan Special Data; N200 For 1GB, How To Subscribe
9Mobile
143 views
9Mobile
143 views

9mobile Ramadan Special Data; N200 For 1GB, How To Subscribe

Ajayi Olufemi - May 18, 2019

9mobile Ramadan special data has been one the best data offer for me ever since it was introduced. As an elite…

Buy itel P33 Plus/P33 and win $10,000 (N3,605,000) in itel latest promo
Itel Mobile
87 views
Itel Mobile
87 views

Buy itel P33 Plus/P33 and win $10,000 (N3,605,000) in itel latest promo

Ajayi Olufemi - May 17, 2019

Africa's leading phone brand – itel Mobile is here again with another mind-blowing promo offer available to all users of…

Asus Launches Zenfone 6 with 8GB RAM, 48MP flip camera and a big battery
Asus
100 views
Asus
100 views

Asus Launches Zenfone 6 with 8GB RAM, 48MP flip camera and a big battery

CaptainDahood - May 17, 2019

Asus is here with the launch of its latest flagship phone Zenfone 6 that packs some really interesting features one…