Now that the liquidity in the Nigerian stock market is worrisomely low when set beside January’s and daily size of trade is miles apart from its pre-pandemic level, capital market authorities have launched the first exchange-traded derivatives market in West Africa, marked by Thursday’s introduction of two futures contract, NGX 30 Index and NGX Pension Index.
“You can gain exposure to the NGX Pension Index, the NGX 30 Index without necessarily, for instance, paying the full amount that you would have needed ,” Ahmed Jinad who heads investment research at broker Meristem Securities Limited told PREMIUM TIMES. “Essentially, what you’ll do with derivatives generally is to hedge risk depending on what kind of forecast you have about the market or the strength of the index and where you expect it to be at a future date,” Mr Jinad said.
It is possible to use futures to lock in gains in instances where a stock has appreciated to a point where a drop could possibly follow. Single stock futures ease both the asset and risk management process of the underlying security by concentrating on only one stock rather than a mixed bag of equities.
The NGX authority has set the third Friday of every month as the expiration date of all the seven contracts, while the Monday prior to the expiration day will be the listing day.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NGX launches West Africa’s first exchange-traded derivatives market - Punch NewspapersThe most widely read newspaper in Nigeria ORLU QUESTIO FOR THE DAY WHY IS HOPE THE SUPREME COURT GOVERNOR STILL GOVERNOR IN IMO❓ WHY IS THERE MILITARY SIÈGE IN THE EAST❓ WHERE'S OHANEZE❓ WHY ARE EASTERN GOVERNORS INVITING ARMY TO COME AND BE KILLING THEIR CHILDREN You can DM about my Herbal mixture,it cure Diabetes in less than 2 weeks,u will be able to eat any kinds of food,don't allow Diabetes to send ur love one to their early grave,I'm legit,my Herbal mixture is 100% effective with no side effects,it is not bitter,u are next to be free
Source: MobilePunch - 🏆 8. / 63 Read more »
Stakeholders advocate more investment in capital market | The Guardian Nigeria News - Nigeria and World NewsWith the take-off of the exchange-traded derivatives (ETD) market, retail investors have called for more investment in the capital market to enhance economic growth. mirabel28295717 In this festive season,u can gift your love one who is living with Diabetes,my Diabetes Herbal mixture,this is one of the gift they will never forget,because,after taken my Herbal mixture,Diabetes will be a thing of past,they will be able to eat any foods,it's 100% effective,DM.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Investors want more slice of ₦13.76tr pension assets in stocks | The Guardian Nigeria News - Nigeria and World NewsDespite last week’s launch of Nigerian Exchange Limited (NGX) Exchange Traded Derivatives (ETDs) Market, with the listing of two Equity Index Futures Contracts, NGX 30 Index Futures and NGX Pension Index Futures, poor participation of the Pension Funds Administrators... You can DM about my Herbal mixture,it cure Diabetes in less than 2 weeks,u will be able to eat any kinds of food,don't allow Diabetes to send ur love one to their early grave,I'm legit,my Herbal mixture is 100% effective with no side effects,it is not bitter,u are next to be free
Source: GuardianNigeria - 🏆 1. / 94 Read more »
SEC reiterates commitment to market development through technology | The Guardian Nigeria News - Nigeria and World NewsThe Securities and Exchange Commission (SEC) has restated its commitment to ensuring that the nation's capital market attains its full potential through advanced technology. You can DM about my Herbal mixture,it cure Diabetes in less than 2 weeks,u will be able to eat any kinds of food,don't allow Diabetes to send ur love one to their early grave,I'm legit,my Herbal mixture is 100% effective with no side effects,it is not bitter,u are next to be free
Source: GuardianNigeria - 🏆 1. / 94 Read more »