WHAT IS THE MINIMUM AMOUNT THAT CAN BE USED IN BUYING SHARES?
You normally can buy or sell shares in lots of 100. When you give your stockbrokers the order to ‘buy’ or ‘sell’, he will buy or sell your shares. He will buy or sell them through The NSE’s trading floor. The transaction is done on the best price in the market that time. You become the owner of the shares from the time the deal is done. After a few days you will get a broker’s contract note. However, most stockbroking houses set a minimum amount to open accounts with them. This enables them to evaluate how serious you are at beginning and most importantly at continuity. For FSL, it is NGN50,000 or US$500.
