We have, previously, discussed steps, required of you, when planning to invest in the Nigerian Stock Exchange.
In case, you missed it, you can read the full article again.
We have, also, come with a list of other things that, you need to be aware of. These are listed below for your consumption:
You are required, to pay this fee, after your bid has scaled through. It is part of some approved fee, required by law, for you to pay the regulators and your stockbroker.
They are, specifically, referred to, as statutory fees, which usually, is a fixed amount, while the broker fee varies.
Transactions on equities in Nigeria, do not involve capital gains taxes.
Clearing Of Funds
Transaction in stocks, does take up to 4 days, before the whole buying and selling processes, are completed.
On concluding sales on your equity, your cash is left in the broker’s account, until a request for withdrawal is made.
Some brokers will require your email, to enable payments of your withdrawals, into your account.
Hours Of Trading
Trading on the Nigerian Stock Exchange commences, by 10:00 am and ends, by 2:30 pm, officially.
Before the trading begins, there is usually, the pre-markets session that kicks off, for trading, at 9:30 am.
The NSE has different market segments, representing different levels of liquidity.
Specifically, divided into three segments, which are the Main and Premium Board, as well as, the Alternative Stock Exchange Market, (ASEM).
The NSE is, not left out of indexes, like the others have, across the world.
The All Share Index, sub-indexes and NSE 30, are among them.
The All Share Index, tracks the daily performance, of all the stocks. The sub-indexes, monitor stocks, on consumer goods and the banking sector.
The NSE 30, monitors the performance of the top 30 capitalised stocks, on the NSE.
Data is life, as the saying goes, so, to have a very good stock that would keep your investment hopes alive, you need to have data at hand.
The NSE, itself will not provide you with this information, however, companies do publish their quarterly results, on the NSE website.
For more comprehensive information, you are advised to subscribe to newsletters, on your stockbrokers’ website.
Featured Image: Pulse.ng
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