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Nigerian Exchange Group Plc (NGX: NGXGROUP) Share Price

Nigel Firth
Nigel Frith trader
Updated 27 Sep 2022

It is the Nigerian Exchange Group Plc, a major integrated market infrastructure in Africa that services the largest economy in the continent and is working to increase the competitiveness of African economies in order for them to achieve global wealth. Because of its investments in business innovation and technology, the Nigerian Exchange Group Plc is a prominent player in the continent’s financial markets, and it actively participates in determining the future of these markets.

Latest Nigerian Exchange Group Plc Share Price

The graph above shows the latest Nigerian Exchange Group Plc share price on the Nigerian Stock Exchange. Investors have seen Nigerian Exchange Group Plc shares perform well historically, and it remains a steady investment. Nigerian Exchange Group Plc stock is live on the NGX under the stock symbol of NGXGROUP and is available to trade via several brokers in Nigeria.

Overview of Nigerian Exchange Group Plc

Today, Nigerian Exchange Group Plc’s portfolio of products and services are diversified in more sectors of the Financials value chain. Through its wholly-owned subsidiaries, NGX Exchange, NGX REGCO, and NGX RELCO, the company provides services such as listing and trading securities, licensing, market data solutions, ancillary technologies, regulation, real estate, and other services. Investments in NG Clearing Limited and Central Securities and Clearing Systems (CSCS), as well as OTC platforms and three fintech businesses, have also been made by the Group in the financial infrastructure industry.

The history of Nigerian Exchange Group Plc goes back to 1960 when it was founded, and it was listed on 15 October 2021.

Nigerian Exchange Group Plc has its head offices at Exchange Group House, 2/4 Customs Street, Lagos.

The current CEO or managing director of Nigerian Exchange Group Plc is Oscar N. Onyema.

Nigerian Exchange Group Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol NGXGROUP.

Nigerian Exchange Group Plc forms part of the Investment Services and the Financials Sector of the Nigerian Stock Exchange (NGX).

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Nigerian Exchange Group Plc

Nigerian Exchange Group Plc Stock Performance

The current price for Nigerian Exchange Group Plc stocks on the Nigerian Stock Exchange (NGX) is 20.45 Nigerian Naira (NGN).

An analysis of financial data of Nigerian Exchange Group Plc showed that the company has a total market capitalisation of 40.2 Billion NGN, with the number of shares outstanding being 1.96 Billion.

NGXGROUP stock has accrued 8% over the past four-week period—35th best on NGX.

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

According to an analysis on the live chart of Nigerian Exchange Group Plc, analysts forecast further improved performance for the Financials sector with market share growing as trading volumes increase.

Nigerian-Exchange-Group-Shares

Highlights of Nigerian Exchange Group Plc in 2021/2022

Nigerian Exchange Group Plc started the current financial year (2021) with a share price of 19.90 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 2.76 % in value on its price valuation, ranking 44th on the NGX with its year-to-date performance.

Nigerian Exchange Group Plc is currently the 18th most-traded stock on the NGX and it has experienced a total trading volume of more than 283 million shares, which were finalised in 6,559 deals and were valued at a total of 5.33 billion Nigerian Naira (NGN) over the recent three month period from October 2021 to January 2022, with an average of 4.49 million shares in each trading session.

During the same period a volume high of 14.9 million was achieved on December 30 and a low of 831,963 on January 17.

How to buy Nigerian Exchange Group 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 Nigerian Exchange Group 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, “NGXGROUP”.
  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.

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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.