How to buy Shares in Nestle Plc: There has been a trending question in the internet about which company someone can buy shares from and make a good profit overtime, in this article we will be looking at one of the outstanding companies in terms of stock brooking. So we will be considering How to buy Shares in Nestle Plc stocks – Step by Step
Nestle Nigeria Plc
Nestle Nigeria Plc is a Nigerian food assembling and promoting organization and an auxiliary of the biggest food and refreshment organization on the planet. Nestle Nigeria Plc is occupied with assembling, advertising and conveyance of food items, including filtered water all through the country. It works through two fragments: Food and Beverages.
The historical backdrop of Nestle Nigeria Plc can be followed back to 1961 when the first organization was established. It had been recorded in Nigeria on 20 April 1979.
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Today, Nestle Nigeria Plc has a differentiated portfolio in more areas of the Consumer Goods esteem chain and delivers the accompanying administrations: a broad scope of items for the retail and discount areas, remembering renowned brands for the food classification like Maggi, Golden Morn, Nan, Lactogen, Nutrend and Cerelac.
Additionally, notable brands in the refreshments fragment incorporate Milo, Chocomilo, Nescafe, Nestle Pure Life and Nido. Presumably the most popular reach delivered by Nestle Nigeria Plc, is the babies’ reach that incorporates the baby equation Nestle Nan and newborn child oats like Nestle Nutrend, Nestle Cerelac and Nestle Golden Morn
Nestle Nigeria Plc likewise creates and advertises a brand of still water called Pure Life and the organization advances food societies through MAGGI Star Cook participatory cookery program in areas, and MAGGI Women Forum, a home administration program.
Nestle Nigeria Plc’s value stocks are available to be purchased online on the Nigerian Stock Exchange (NGX) under the stock image NESTLE.
Nestle Nigeria Plc has its central command at 22-24, Industrial Avenue, Llupeju, Nigeria.
The current Managing Director of Nestle Nigeria Plc is Wassim Elhusseini.
Nestle Nigeria Plc shapes some portion of the Food Processing Industry and the Consumer Goods Sector.
Nestle Nigeria Plc Stock Performance
The current price for Nestle Nigeria Plc stocks is 1,390.00 Nigerian Naira (NGN). The company has a total market capitalisation of 1.1 Trillion NGN with a P/E ratio of 33.65 and earnings per share of 41.31 NGN. A total of 793 Million shares are outstanding.
With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Nestle Nigeria Plc stocks can be assured of lucrative dividends and earnings in times to come.
According to an analysis on the live chart of Nestle Nigeria Plc, analysts forecast further improved performance for the Consumer Goods sector with market share growing as trading volumes increase.
Highlights of Nestle Nigeria Plc Shares in 2022
Nestle Nigeria Plc started the year with a share price of 1,505.00 NGN, and it has lost 7.64 % in value on its price valuation, ranking 124th on the NGX where year-to-date performance is concerned.
Nestle Nigeria Plc is currently the 78th most-traded stock on the NGX and it has experienced a total trading volume of more than 13.4 million shares, which were finalized in 2,249 deals and were valued at a total of 18.7 billion NGN over three months, with an average of 212,199 shares in each trading session.
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The highest volume shares traded on one single day was 4.05 million, achieved on 16 November.
How to buy Shares in Nestle Plc – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade Nestle Nigeria Plc stocks, traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “NESTLE”.
- Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
- 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.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- You are now ready to make your first share purchase through the broker.
- You can further start to build and diversify your portfolio by buying more shares.
Frequently Ask Questions
What is the NGX?
The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.
Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.
Since March 2022, the former Nigerian Stock Exchange was demutualised from a member-owned not-for-profit entity into a shareholder-owned, profit making entity called the Nigerian Exchange Group Plc.
NGX publishes the standard, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalisation.
Additional indices include the NGX30 and NGX50 which correspondingly track the top 30 and 50 companies in terms of market capitalisation and liquidity. Both of these indices, in which only fully paid-up common shares are admitted, are weighted by adjusted market capitalisation.
On which stock exchange does Nestle Nigeria Plc have shares for sale?
Nestle Nigeria Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol NESTLE.
What type of company is Nestle Nigeria Plc?
Nestle Nigeria Plc is a Nigerian food manufacturing and marketing company and a subsidiary of the largest food and beverage company in the world. Nestle Nigeria Plc is engaged in manufacturing, marketing and distribution of food products, including purified water throughout the country.
In which industry and sector does Nestle Nigeria Plc operate?
Nestle Nigeria Plc forms part of the Food Processing Industry and the Consumer Goods Sector.
What is the price of Nestle Nigeria Plc shares today?
At the time of writing, the current price of Nestle Nigeria Plc shares was 1,390.00 NGN.
Is Nestle Nigeria Plc a good investment?
Nestle Nigeria Plc’s forecast indicates further growth and improvement in the second half of 2022, with investors expecting lucrative dividends and returns with increased financial performance.
What is the risk analysis for Nestle Nigeria Plc?
Over the past year Nestle Nigeria Plc experienced a drop in stock price of 0.71 %.
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