What I want to know is that as NGX APP lists company under “gainers” and “losers.”
Does it mean that it’s a predicting APP,monitoring or oversight APP?
Again, I went to Onitsha stock exchange one day to ask about stock for background knowledge, but some old men that I met there where showing me old ticket cover registers with list, without explanation.
NGX serves as a marketplace for monitoring stock performance; however, direct purchases are not possible. To buy stocks, one must register with a licensed stockbroker, such as Afrinvest, Bamboo, or Trove.
NGX serves as a marketplace for monitoring stock performance; however, direct purchases are not possible. To buy stocks, one must register with a licensed stockbroker, such as Afrinvest, Bamboo, or Trove.
See lessThe NGX App is mainly a market monitoring and information app, not an app where you directly buy and sell shares. When you see “Gainers” and “Losers,” it is showing you what has already happened in the market. It is not predicting which stock will rise or fall next. For example, if you open the appRead more
The NGX App is mainly a market monitoring and information app, not an app where you directly buy and sell shares.
When you see “Gainers” and “Losers,” it is showing you what has already happened in the market. It is not predicting which stock will rise or fall next.
For example, if you open the app and see:
ABC Plc +10%
It means ABC’s share price has increased by 10% within the period being displayed. It doesn’t mean NGX is saying the stock will rise another 10% tomorrow.
Think of it like a football scoreboard. If the scoreboard says 2-1, it is reporting what is happening in the game. It is not predicting who will score the next goal.
If you want to actually buy ABC Plc, you normally need a registered stockbroker. The broker gives you a trading platform where you can place your buy or sell order, while NGX is the marketplace where the transaction takes place.
For example:
You have ₦100,000 and want to buy a particular stock.
You check the NGX App and see the company’s current price and other market information. You then go to your stockbroker’s app, fund your account with ₦100,000, and place your order. If the order is matched, the shares are bought and recorded electronically through the market’s settlement/custody system.
Regarding your visit to the Onitsha stock exchange, those old ticket registers you saw were part of the old/manual way of documenting stock transactions. The market today is much more electronic, so simply looking at old registers without someone explaining the process won’t give you much practical knowledge.
If you are starting from zero, I would focus on understanding:
NGX → the marketplace
Stockbroker → helps you buy and sell
CSCS → keeps the electronic record of your shares
Gainers/Losers → shows recent price movements
Financial statements → help you understand the actual business
So don’t use the “Gainers” list as a buying list.
A stock can be the biggest gainer today and still fall tomorrow. Instead, use the NGX App to monitor the market, then do your own research before making an investment decision.
See lessLet's break this down in a way that Mama Ngozi from the village would get it. So, you have the NGX app but can't see any trading options, and you noticed it lists companies under "gainers" and "losers." Now, when the app shows companies as "gainers" and "losers," it's like when Mama Ngozi sees whichRead more
Let’s break this down in a way that Mama Ngozi from the village would get it. So, you have the NGX app but can’t see any trading options, and you noticed it lists companies under “gainers” and “losers.” Now, when the app shows companies as “gainers” and “losers,” it’s like when Mama Ngozi sees which of her tomatoes are selling fast (gainers) and which ones are taking longer to sell (losers).
This doesn’t mean the app is predicting the future or overseeing things. It’s more like giving you a snapshot of what’s happening right now. It’s like when Mama Ngozi checks her daily sales to see which products are doing well and which ones need a little push.
Now, about your experience at the Onitsha stock exchange, where the old men showed you old ticket cover registers without explaining – that sounds frustrating! It’s like if someone showed Mama Ngozi an old sales register without saying a word.
When you have questions about stocks or investing and the answers seem unclear, it can be like trying to read a book in a language you don’t understand. Just like Mama Ngozi would need someone to explain the market to her in simple terms, you deserve clear explanations too.
In the world of investing, it’s essential to have things broken down into understandable bits, just like how Mama Ngozi breaks down the prices of her tomatoes for her customers. So, keep asking questions until you fully grasp the concept, just like Mama Ngozi learns about a new farming technique before using it on her crops. Remember, understanding is key!
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