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Pharma-Deko Plc (NGX: PHARMDEKO) Share Price

Nigel Firth
Nigel Frith trader
Updated 27 Sep 2022

Pharma Deko Plc is a firm established in Nigeria and listed on the Nigerian Stock Exchange (NGX) that manufactures, packages, and promotes a variety of pharmaceutical and consumer items.

Pharma Deko Plc also manufactures and packages pharmaceutical and consumer items on a contract basis, in addition to producing and selling a non-sugar cream soda.

Latest Pharma-Deko Plc Share Price

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

Overview of Pharma-Deko Plc

Today, Pharma-Deko Plc’s portfolio of products and services are diversified in more sectors of the Health Care value chain and include the following: pharmaceutical products like Parkalin cough syrup, Revitone blood tonic, Salins liniment, Hexdene mouth wash, Brett mouth wash, Omepraz, Pharmadec drops and syrups, Phardol suppository and drops, Amycin dry powder and capsules, Anuproct suppositories, Vitacee drops and syrups, Antasil tablets, garlic tablets, Amoquin anti-malarial tablets and Parkprim suspension and tablets.

The history of Pharma-Deko Plc goes back to 1962 when the company was started as Parke-Davis & Company.  In 1969 it was incorporated as a private company, and in 1980 Parke-Davis & Co (NIG) LTD changed its name to Pharma Deko Limited. It was listed on the Nigerian Stock Exchange (NGX) in August 1979.

Pharma-Deko Plc has its head offices at Plot C1/1, Okene Close, Agbara Industrial Estate, Agbara, Ogun State, Nigeria.

The current CEO or managing director of Pharma-Deko Plc is Oluwole Olukayode.

Pharma-Deko Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol PHARMDEKO.

Pharma-Deko Plc forms part of the Pharmaceuticals Industry and the Health Care Sector of the Nigerian Stock Exchange (NGX).

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Pharma-Deko Plc

Pharma-Deko Plc Stock Performance

The current price for Pharma-Deko Plc stocks on the Nigerian Stock Exchange (NGX) is 2.20 Nigerian Naira (NGN).

An analysis of financial data of Pharma-Deko Plc showed that the company has a total market capitalisation of 477 Million NGN. The number of shares outstanding is 217 Million.

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

According to an analysis on the live chart of Pharma-Deko Plc, analysts forecast further improved performance for the Health Care sector with market share growing as trading volumes increase.

Pharma-Deko-Shares

Highlights of Pharma-Deko Plc in 2021/2022

Pharma-Deko Plc started the current financial year (2021) with a share price of 2.20 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it had no change in value on its price valuation.

Pharma-Deko Plc is currently the 93rd most-traded stock on the NGX and it has experienced a total trading volume of more than 4.92 million shares, which were finalised in 136 deals and were valued at a total of 10.8 million Nigerian Naira (NGN) over the recent three month period from October 2021 to January 2022, with an average of 78,055 shares in each trading session.

During the same period a volume high of 1.13 million was achieved on November 4.

How to buy Pharma-Deko 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 Pharma-Deko 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, “PHARMDEKO”.
  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.