“INVESTING IS NOT A SCAM”

scrolling through X, when my attention was caught to the post below…….I thought to myself crazy number in this state of economic. so I decided so do a little research on the NIGERIAN STOCK EXCHANGE (NSE).

The Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, is an integrated stock exchange group in Africa founded in 1961 in Lagos.In 2021 the Nigerian Stock Exchange was fully demutualised changing from a member-owned not-for-profit entity into a shareholder-owned, profit making entity. This gave rise to a new structure – Nigerian Exchange Group Plc (NGX Group) with subsidiaries, NGX Group now has 3 subsidiaries – Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation (NGX RegCo, the independent regulation company; and NGX Real Estate (NGX RelCo). The operating exchange, NGX, is a multi-asset exchange with 393 listed securities, comprising 151 listed companies (8 Premium Board, 133 Main Board, 7 Growth Board and 3 ASeM companies), 157 Fixed Income securities, including Green Bonds and Sukuk (106 FGN, 8 State and 43 Corporate Bonds), 12 Exchange Traded Products, 4 Index Futures and 69 Memorandum listings, as at September 12, 2024.

Nigerian Exchange has been operating an Automated Trading System (ATS) since April 27, 1999, with dealers trading through a computer network. In 2013, NGX launched its next-generation trading platform, X-Gen, intended to enable electronic trading for the retail and institutional segments. Trading on The Exchange starts at 9.30 a.m. and closes at 2.30 p.m. every Monday – Friday.
NGX provide the premier platform in Africa for raising capital; facilitate a thriving secondary market for trading securities and maintain a seamless flow of foreign investments.

now back to my curiosity, how did investors make such money. well from my research noticed an increment in the total capitalisation of the NGX from last year to this year. In all, the overall market capitalisation that opened 2024 at N40.918 trillion, gained N18.2 trillion or 44.5 per cent to close November 29, 2024 at N59.107 trillion. This i think is what the X user tried to insinuate. Yeah, an increase on the capitalisation is a signal of profit for investors.

Go get better insight on this you should read this article https://ngxgroup.com/banks-recapitalisation-new-listings-boost-ngx-market-cap-by-n8-1tn/

Also, I think it’s about time we make our research and go into stock trading as a way to earn passive income and build our finance. Trading the stock market does have its own risk but with well guided investment strategies you will be better of, also not only stocks are traded on the exchange we have money market like Treasury bills, Bonds (government and privately), commercial papers, etc and non traditional finance instruments, being traded also.
Don’t think it’s only for the rich, NO !, it’s for everyone.
Best performing stocks for 2024; Juli PLC +1000%, Onado plc+500% and Eunisell interlined +500%.