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Resort Savings & Loans Plc (NGX: RESORTSAL) | Share Price

Nigel Firth
Nigel Frith trader
Updated 27 Sep 2022

Overview of Resort Savings & Loans Plc

Resort Savings & Loans Plc is a Nigerian financial services institution specializing in mortgage banking and other financial services for corporate and individual clients.

Resort Savings & Loans Plc provides mortgage accounts for individuals and businesses, leasing and credit facilities, property acquisition management, and fund management.

Today, Resort Savings & Loans Plc’s portfolio of products and services are diversified in more sectors of the Financial Services value chain and include the following: mortgage accounts, personal accounts, corporate accounts and diaspora accounts. Its services include the granting of loans and advances, corporate finance, as well as money market activities. Resort Savings & Loans Plc ‘s wholly owned subsidiary, Resort Developers Limited, handles the business of real estate development, management and loan syndication and consulting services.

The history of Resort Savings & Loans Plc goes back to 1992 when the company was established, and it was listed on the Nigerian Stock Exchange (NGX) on November 23, 2009.

Resort Savings & Loans Plc has its head offices at 25 Olowu Street, Ikeja, Lagos, Nigeria.

The current CEO or managing director of Resort Savings & Loans Plc is Olayemi Rabiu.

Resort Savings & Loans Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol RESORTSAL.

Resort Savings & Loans Plc forms part of the Consumer Financial Services Industry and the Financials Sector of the Nigerian Stock Exchange (NGX).


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Resort Savings & Loans Plc

Resort Savings & Loans Plc Stock Performance

The current price for Resort Savings & Loans Plc stocks on the Nigerian Stock Exchange (NGX) is 0.20 Nigerian Naira (NGN).

Resort Savings & Loans Plc had its last trading day on Monday, July 1, 2019 when it traded at 0.20 NGN per share on the Nigerian Stock Exchange (NGX).

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

According to an analysis on the live chart of Resort Savings & Loans Plc, analysts forecast further improved performance for the Financial Services sector with market share growing as trading volumes increase.

Resort-Savings-&-Loan-Shares

Highlights of Resort Savings & Loans Plc in 2021/2022

Resort Savings & Loans Plc had its last trading day on Monday, July 1, 2019 when it traded at 0.20 NGN per share on the Nigerian Stock Exchange (NGX). No further information is available.

How to buy Resort Savings & Loans 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 Resort Savings & Loans 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, “RESORTSAL”.
  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.

Nigel Firth
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.