Fokona Latest Questions

Allison Ayodele
Asked: 2026-03-25T02:03:10+00:00 In:

Is It Advisable to Buy More MTN Shares When the Price Drops?

Is it advisable to buy a shared in Mtn as the market is down with the one I bought before that was 780..

mtn sharesngx stockStock Market

You must login to add an answer.

Need An Account,

6 Answers

  1. Onyx_WiseFidafa
    Contributor

    Yes! Buying more MTN shares while the price is down can be a good strategy but only if done correctly. WHAT YOU NEED TO UNDERSTAND A price drop does not always mean a bad investment. Sometimes: It is normal market movement WHEN IT MAKES SENSE The company is strong You are investing long-term You areRead more

    Yes!

    Buying more MTN shares while the price is down can be a good strategy but only if done correctly.

    WHAT YOU NEED TO UNDERSTAND

    A price drop does not always mean a bad investment.

    Sometimes: It is normal market movement

    WHEN IT MAKES SENSE

    • The company is strong
    • You are investing long-term
    • You are buying gradually

    MTN fits this because:

    • Strong market position
    • Consistent revenue
    • Dividend-paying

    WHEN TO BE CAREFUL

    • If you are investing short-term money
    • If you are reacting emotionally
    • If most of your money is already in one stock

    SMART STRATEGY: 

    Instead of buying once:

    • Buy small at different price levels

    This helps reduce your average cost

    WISDOM NOTE

    Don’t rush to buy everything at once.

    👉 Consistency and patience matter more than timing

    See less
  2. Paxnimnan

    Yes you can buy the dip as MTN Nigeria is a profitable investment choice due to the large patronage and reliance on telecommunication networks to carry out daily task especially remote work and other forms of online earnings.

    Yes you can buy the dip as MTN Nigeria is a profitable investment choice due to the large patronage and reliance on telecommunication networks to carry out daily task especially remote work and other forms of online earnings.

    See less
  3. Rose
    Contributor Profile Credentials

    Buying more of a stock after it drops is not automatically a good idea. It has a name: ✓ Averaging down And it can be: • smart • or dangerous Depending on why you’re doing it. Let Me Explain With a Simple Story Imagine you bought tomatoes at a high price. Now the price drops. You decide to buy more.Read more

    Buying more of a stock after it drops is not automatically a good idea.

    It has a name:

    ✓ Averaging down

    And it can be:

    • smart
    • or dangerous

    Depending on why you’re doing it.

    Let Me Explain With a Simple Story

    Imagine you bought tomatoes at a high price.

    Now the price drops.

    You decide to buy more.

    That only makes sense if:

    • tomatoes will sell later
    • demand is still strong

    If nobody will buy the tomatoes later…

    You’re just adding to your problem.

    So… Should You Buy More MTN?

    Let’s break it down the right way.

    1. Ask: Why Did the Price Drop?

    Before buying more, you must understand:

    • Is it general market decline?
    • Or company-specific problem?

    If the whole market is down:

    ✓ it may be an opportunity

    If the company has issues:

    ⚠️ be careful

    you have to do the findings

    2. Is MTN Still a Strong Business?

    Look at basics:

    • large customer base ( which it has )
    • strong revenue streams (data, voice)
    • dominant telecom position

    If these are still intact:

    ✓ long-term outlook may still be solid

    3. Your Investment Goal Matters

    Are you:

    Long-term investor?

    Then:

    ✓ temporary price drop may not matter
    ✓ buying more can reduce your average cost

    Short-term trader?

    Then:

    ⚠️ averaging down can trap your money

    4. Do You Have a Plan?

    Never buy more just because:

    • “price is cheaper now”

    Buy more only if:

    ✓ you understand the company
    ✓ you believe in its future
    ✓ you have a long-term plan

    Let Me Be Honest With You

    Many people lose money because of this mindset:

    “I bought high… let me keep buying as it falls.”

    That is not strategy.

    That is hope.

    Smart Way to Approach It

    Instead of rushing:

    • review the company
    • watch price movement
    • buy gradually (not all at once)

    Final Truth

    Buying more at a lower price can be powerful…

    But only when:

    ✓ the business is still strong
    ✓ your conviction is based on facts
    ✓ you are thinking long-term

    Let Me Leave You With This

    Before you buy more, ask yourself:

    • If I didn’t already own this stock… would I buy it today?

    If the answer is YES…

    Then adding more may make sense.

    If the answer is NO…

    Then don’t force it.

    Because in investing:

    ✓ not every falling price is an opportunity
    ✓ some are warnings

     

    Rose Ejituru

    See less
  4. Ochoyoda
    Intermediate

    Yes — buying more MTN Nigeria Communications Plc shares while the market is down can be a good strategy, but only if you understand why the price is falling and you're investing for long-term. Let me break it down clearly for you You're not in a bad position The drop is normal market movement, not aRead more

    Yes — buying more MTN Nigeria Communications Plc shares while the market is down can be a good strategy, but only if you understand why the price is falling and you’re investing for long-term.

    Let me break it down clearly for you

    You’re not in a bad position

    The drop is normal market movement, not a crash

    📉 Should You Buy More Now?

    Yes — if you follow this strategy (recommended for beginners):

    ✔ Good Reason to Buy More

    Strong company fundamentals

    Market temporarily down

    Long-term investment plan

    Dividend-paying stock

    MTN fits all these:

    Strong telecom business

    Dominant in Nigeria

    Pays dividends

    Growing data & fintech revenue

    Also recently:

    MTN reported profit recovery

    Increased dividend

    Plans share buyback (usually bullish for price)

    This is generally positive for long-term investors.

    ⚠ When You Should NOT Buy More

    Avoid buying more if:

    You’re using short-term money

    You’re panic buying

    You already invested too much in one stock

    Smart Strategy (What I Recommend for You)

    Since you already bought at ₦780:

    Better Approach — “Average Down”

    Example:

    You bought at ₦780

    Price drops to ₦760

    Buy small again

    Your average price reduces → More profit later 📈

    My Honest Opinion (For Beginner Investors)

    ✔ Yes — You can buy more MTN gradually

    ✔ Don’t buy all at once

    ✔ Buy in small batches

    ✔ Hold long-term (6 months — 3 years)

    Since I know from your previous messages that:

    You’re low-risk investor

    You’re building long-term portfolio

    MTN is actually one of the safest NGX stocks for beginners.

    See less