Trade using GrowMyKudi

Stocks

The stock market is dynamic and presents many options for traders. Stocks are usually considered suitable for medium to long-term investments. Each stock is affected by different market events and could go up or down in value following announcements such as earnings reports, new product launches, and changes in competitors’ stock prices.
For example, if a smartphone manufacturer gets negative press following a malfunction in one of its product series, it is possible that its direct competitors’ share-prices will rise. Companies who make profits often allocate dividends with their shareholders at a fixed payment per-share.

Some of our popular stocks include:

  • ACCESS
  • GUARANTY
  • WEMABNK
Stack Coins

Bonds

Trading commodities is one of the most ancient trading practices in the world, dating back thousands of years. Commodities are unique, given that they have a real-world physical representation. Whether it’s an energy source, such as oil, or a precious metal like gold or platinum, commodities exist in the real world and therefore are also affected by real-world events. For example, if oil reservoirs are in surplus, it is likely that prices will drop accordingly. Additionally, some commodities are considered safe-haven assets, meaning they can add stability to a portfolio which consists of highly-volatile assets. For example, many foreign currency traders turn to gold futures when the market becomes too volatile, as gold prices are more stable overall, while still relating to the foreign-exchange market.

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Market hours & Fees

Nigerian Stock Exchange Opening Hours for 2018

  • Sunday - Closed
  • Monday - 10:00 AM - 4:00 PM
  • Tuesday - 10:00 AM - 4:00 PM
  • Wednesday - 10:00 AM - 4:00 PM
  • Thursday - 10:00 AM - 4:00 PM
  • Friday - 10:00 AM - 4:00 PM
  • Saturday - 10:00 AM - 4:00 PM

Times shown are in Africa/Lagos time (GMT+01:00)

Forex Market

Is Nigerian Stock Exchange Open on Weekends?

The Nigerian Stock Exchange is not open on weekends. Stock Exchanges in America, Europe, and Asia follow the typical Monday to Friday schedule. However, in the Middle East the work week typically runs from Sunday through Thursday. Stock exchanges in Middle Eastern countries like Qatar and Abu Dhabi are closed on Friday and open on Sunday.

How Long is Nigerian Stock Exchange Open?

The Nigerian Stock Exchange is open 30 hours per week which is average. Most stock exchanges are open 25 to 35 hours per week with 5 days of trading per week. There are several exchanges that are only open 4 days per week and one exchange that is only open 2 days per week. The Deutsche Börse is open more than any other stock exchange.

Limited trading hours help to reduce volatility in stock prices but also limits the liquidity of stocks. When trading hours are shorter more news reports and earnings reports are published while the markets are closed. As a result, investors have more time to process new information and general make fewer knee-jerk reactions. Read more about how trading hours vary around the world.

Does Daylight Saving Time Effect the Nigerian Stock Exchange?

Nigerian Stock Exchange follows the Africa/Lagos time zone which does not observe Daylight Saving Time. The time zone offset is GMT+01:00 for the entire year.

Nigerian Stock Exchange Extended Hours Trading

Stocks can only be traded on the Nigerian Stock Exchange during official trading hours, but there are unofficial Extended Hours Trading markets that will carry trades until markets reopen. Extended Hours Trading is a term that covers both After-Market Trading and Pre-Market Trading.

Extended Hours Trading allows investors to act quickly on information that comes out when markets are officially closed. In the past, only large institutional investors could participate in Extended Hours Trading. Thanks to the emergence of private trading systems in recent years, individual investors are now able to trade during extended hours as well.

The information for this can be gotten from the InfoWARE Application through the Stock Brokerage module from the fees setup menu