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Ecobank Transnational Incorporated Plc (NGX: ETI) | Share Price

Nigel Firth
Nigel Frith trader
Updated 27 Sep 2022

Ecobank Transnational Incorporated Plc is a financial company listed on the Nigerian Stock Exchange (NGX). Ecobank Transnational Incorporated Plc offers banking products and services for the domestic, corporate, investment banking and treasury sectors. Customers of the banking institution include individuals, governments, financial institutions, local and international organisations, small to medium enterprises and micro businesses.

Latest Ecobank Transnational Incorporated Plc Share Price

The graph above shows the latest Ecobank Transnational Incorporated Plc share price on the Nigerian Stock Exchange. Investors have seen Ecobank Transnational Incorporated Plc shares perform not very well historically, and it doesn’t remain a steady investment. Ecobank Transnational Incorporated Plc stock is live on the NGX under the stock symbol of ETI and is available to trade via several brokers in Nigeria.

Overview of Ecobank Transnational Incorporated Plc

Today, Ecobank Transnational Incorporated Plc’s portfolio of products and services are diversified in more sectors of the financial value chain and include the following: transactional accounts, electronic banking and money transfer services, term loans, treasury services and financial advisory and consultancy services for asset and wealth management.

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Ecobank Transnational Incorporated Plc

The history of Ecobank Transnational Incorporated Plc goes back to 1985 when its predecessors started doing business.

Ecobank Transnational Incorporated Plc has its head offices at 2365 Boulevard du Mono B.P. 3261

Lomé – Togo. Ecobank Transnational Incorporated Plc operates via about 640 branches located in major towns and cities in 27 countries in Africa.  The current CEO of Ecobank Transnational Incorporated Plc is Ade Ayeyemi.

Ecobank Transnational Incorporated Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol ETI.

Ecobank Transnational Incorporated Plc forms part of the Banking Industry and the Financials Sector of the Nigerian Stock Exchange (NGX). Ecobank Transnational Incorporated Plc appears in the Nigeria 30 Index, Nigeria All-Share Index, Nigeria Banking Index and the Nigeria Pension Index.

Ecobank Transnational Incorporated Plc

Ecobank Transnational Incorporated Plc Stock Performance

The current price for Ecobank Transnational Incorporated Plc stocks on the Nigerian Stock Exchange (NGX) is 6.30 Nigerian Naira (NGN).

An analysis of financial data of Ecobank Transnational Incorporated Plc showed that the company has a total market capitalisation of 116 Billion NGN, with a Price/Earning ratio of 1.24 and earnings per share of 5.10 NGN.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Ecobank Transnational Incorporated Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Ecobank Transnational Incorporated Plc, analysts forecast further improved performance for the financial sector with market share growing as trading volumes increase.

Highlights of Ecobank Transnational Incorporated Plc in 2021

Ecobank Transnational Incorporated Plc started the current financial year (2021) with a share price of 6.00 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 5 % in value on its price valuation, ranking 63rd on the NGX with its year-to-date performance.

Ecobank Transnational Incorporated Plc is currently the 20th most-traded stock on the NGX and it has experienced a total trading volume of more than 242 million shares, which were finalised in 2,694 deals and were valued at a total of 1.33 Billion Nigerian Naira (NGN) over the recent three month period from July to September 2021, with an average of 3.84 million shares in each trading session.

During the same period a volume high of 32.8 million shares was traded on a single day.

How to buy Ecobank Transnational Incorporated Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Ecobank Transnational Incorporated Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “ETI”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.