How to buy Nation Media Group shares online
By Nairobi Stocks Review
As a prospective Nation Media Group (NMG) shareholder, the first step is to learn how to invest in the company’s stock. In this article we will explore how to buy NMG shares. You will also find out who owns Nation Media Group.
Nation Media Group (NMG) is the largest media company in East Africa. It operates television and radio stations and publishes multiple newspapers. NMG operates more than a dozen media brands, include the Daily Nation, Business Daily, the East African and broadcaster NTV.
Who owns Nation Media Group?
Nation Media Group is headquartered in Nairobi. At its start in 1950s, NMG primarily focused on newspaper business with the Daily Nation as its flagship brand. It entered broadcast television market in 1990s. In 2021, the Agha Khan is the largest shareholder in Nation Media Group.
Where and how to buy Nation Media Group shares
Nation Media Group shares are listed on the Nairobi Securities Exchange under “NMG” ticker symbol. To be able to invest in the stock, you will need to have a CDS account. (Read How to open a stock trading CDS account in Kenya).
Once you have the account set up, you will decide the amount of NMG shares you want to purchase and place your order. Keep in mind that the minimum number of shares you can buy is 100 shares.
As a shareholder, you can participate in Nation Media Group decisions, such as election members of its board of directors at the annual general meetings. You may also earn dividends.
How to buy NMG shares online
You may be able to buy Nation Media Group shares online depending on your stockbroker. With online access, you can buy and sell NMG shares from home on your laptop at any time you wish.
Only a handful of brokers have enabled online stock trading for their clients. Stockbrokers that currently support online trading are Dyer and Blair, Suntra Investment, Faida Investment and Kingdom Securities. The other online stockbrokers in Kenya are KCB Capital, Old Mutual Securities, SBG Securities, Sterling Capital, Genghis Capital and Kestrel Capital. (Read How to choose the best stockbroker for beginners).
How to buy Nation Media Group shares online with Bonga Points
If you are a Safaricom subscriber, you can use Bonga Points to buy NMG shares. Here is the process:
- Go to MySafaricom app or dial *126# on your phone
- Choose Lipa Na Bonga
- Enter your stockbroker’s Paybill number (You can obtain this from the broker’s website)
- Enter your CDS account number
Stockbrokers that have rolled out stock purchase with Bonga Points are Kingdom Securities, Dyer & Blair, Suntra Investments, Faida Investment and Old Mutual Securities. You can also buy NMG shares online with Bonga Points at AIB-AXYS, ABC Capital, NCBA Capital and Francis Drummond.
Finally, when buying shares, five Bonga Points will be equal to Ksh1. Therefore, the amount of Bonga Points you need to invest in a stock depends on the share price.