NSE woos retail investors with technologies

The Nigerian Stock Exchange (NSE) has reiterated its commitment to redefining and improving investors’ overall experience in the capital market through deployment of technologies that ensure the market remains modern, convenient and secure.

Speakers at the inaugural Retail Investors’ Webinar hosted by the NSE, in collaboration with Nigerian International Securities Limited (NISL), emphasised the importance of technologies in the fast emerging ‘new normal’ economy.

NSE’s Chief Executive Officer, Mr. Oscar Onyema noted that investor participation is central to the growth and sustainable development of any economy.

He said the Exchange is committed to facilitating conversations that will expound on the retail investment opportunities available in the capital market and the channels through which they can be accessed.

According to him, NSE’s determination to develop the market and strengthen investor confidence has birthed a number of technology driven solutions that allow investors to conveniently trade electronically in an increasing array of product offerings that includes equities, bonds, Exchange Traded Funds (ETFs) and other collective investment schemes.

“We will, therefore, continue to take advantage of the vast opportunities to equip existing and potential investors with the necessary skills to effectively manage and grow the financial resources at their disposal,” Onyema said.

Managing Director, Nigerian International Securities Limited (NISL), Mr. Laolu Martins pointed out that the NSE has pioneered far-reaching innovations within the capital market while positively driving market integrity and boosting both investor confidence and market participation.

He highlighted the efforts by the NISL to create wealth for investors through an appropriate mix of securities using well spelt out market research to help investors meet their financial objectives.

Head, Market Services, Nigerian Stock Exchange (NSE), Mr. Olufemi Balogun, who made presentation on the importance of market data in making investment decisions, urged investors to make use of the loads of data being provided by the NSE. It would be recalled that the Exchange recently released an upgrade to its X-DataPortal.

Balogun explained that the revamped portal has been designed to serve as a principal source for brokers, fund managers, research analysts, other professionals and non-professional participants like students and investors to get quality real-time and reference data reports for analysis, research and reporting purposes.

According to him, the Exchange has shown clear determination to ensure that investors have a better understanding and appreciation of investment products offered in the Nigerian capital market in its efforts to become Africa’s preferred Exchange hub.

The upswing in market activities in second quarter 2020 was seen as a testament to the resilience of the market. As at the end of August 2020, the NSE All Share Index (ASI) had recorded an 18.9 per cent increase from its position at the end of March, 2020. In addition, the market also witnessed a growth in the percentage value of equity transactions contributed by retail investors, currently at 29% from the 21.8 per cent recorded in 2018 and 24.72 per cent recorded in 2019.