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How to Sell MTN Shares Using MTN Mobile Money

Sell MTN Shares
  • By Aku Sika
  • . 21st August, 2018 .
  • 3 minutes read . Updated on 19th December, 2018

So you were able to buy some shares during the MTN Share Offer, good. But now you are thinking of selling or buying additional shares.

Follow the steps below to sell or buy MTN Ghana shares.

Note: You can only begin trading (buying and selling) MTN Ghana shares after MTN Ghana has been officially listed on the Ghana Stock Exchange. Assuming the IPO is successful, you can begin trading from 5th September 2018.

Sell Your MTN Ghana Shares

1. Dial MTN Mobile Money short code: *170#

2. Select Financial Services and choose Trade MTN Shares

3. Enter your MTN Mobile Money PIN to access the trading menu. This option currently takes you nowhere, it will be effective after April, 2019

4. (i) For customers with multiple accounts (Individual, Joint or In Trust For), you will be prompted to select an account to trade with

5. Select the Sell Shares option

6. Enter the unit price you would like to sell shares at

7. Enter the number of MTN Ghana shares you would like to sell

8. Choose how long the order should be valid for

9. Confirm details for the sale of MTN Ghana shares (total consideration and cost breakdown will be shown)

10. Enter your MTN Mobile Money PIN to authorise the sale of your MTN Ghana shares

11. (i) An SMS will be sent to confirm the placement of an order to sell MTN Ghana shares and the shares will be blocked on your account

(ii) Once the sell order has been successfully matched, you will receive an SMS confirming the trade, and the requisite amount will be credited to you

(iii) If your order expires before it is matched, you will receive an SMS notification of the expired order and the shares will be released to you.

Note: This method of trading electronically via MTN Mobile Money is only available to individual clients of IC Ghana Securities.

Buy Additional or new MTN Ghana Shares

1. Dial MTN Mobile Money short code: *170#

2. Select Financial Services and choose Trade MTN Shares

3. Enter your MTN Mobile Money PIN to access the trading menu. (This option is currently unavailable)

4. (i)If you have multiple accounts (Individual, Joint or In Trust For), you will be prompted to select an account to trade with
(ii)If you are a new customer, you will have to agree to the terms and conditions and complete the KYC questions to open an account. New accounts are opened within 48 hours

5. Choose "Buy Shares" option from the menu

6. Enter the unit price you would like to purchase shares at

7. Enter the number of MTN Ghana Shares you would like to purchase

8. Choose how long the order should be valid for

9. Confirm details for the purchase of MTN Ghana Shares (total consideration and cost breakdown will be shown) you wish to buy

10. Enter your MTN Mobile Money PIN to authorise purchase of MTN Ghana shares

11. You will receive an SMS to confirm the placement of an order to purchase MTN Ghana Shares

12. Once the purchase order has been successfully matched, you will receive an SMS confirming the trade and the requisite shares will be credited to your account

13. In the event that the order expires before it is matched, you will receive an SMS notification of the expired order

Check your MTN Ghana Shares Online

Alternatively, you can visit MTN Ghana Shares Website to view your account. Just log in to see your subscriptions.

For further information please contact MTN Ghana on 100 or call Central Securities Depository (CSD) on 030 268 9313/4. Check MTN Ghana Share Price here.

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