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Cutix Plc (NGX: CUTIX) | Share Price

Nigel Firth
Nigel Frith trader
Updated 10 May 2024
OPEN DEMO TRADING ACCOUNT YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
Cutix Plc

Cutix Plc is a manufacturing company in Nigeria listed on the Nigerian Stock Exchange (NGX). Cutix Plc operates a production site of approximately 6,000 square meters in Otolo, Nnewi and focuses on producing power cable of various sizes in low voltage ranges of PVC, cross-linked polyethylene (XLPE) and PE.

Overview of Cutix Plc

Today, Cutix Plc’s portfolio of products and services are diversified in more sectors of the industrial goods value chain and include the following: copper conductors, copper cables, PVC insulated single/double sheathed-core aluminium cables and PVC insulated and sheathed flat twin/three-core copper cables, aluminium twist cables, automotive cables and a range of flexible cables for household electrical appliances and wiring of fixtures and appliances.

The history of Cutix Plc goes back to 1982 when it was incorporated. In 1986, Cutix became Cutix Plc and in 1987 Cutix Plc became the first private company East of the Niger to be quoted on The Nigerian Stock Exchange.

In 2014, Cutix Plc built a new state of the art factory adjacent to the first one and started the production of all sizes of armoured and non-armoured cables, XLPE cables, Poly-Ethylene cables and other types of power cables.

Cutix Plc has its head offices at 17 Osita Onyejianya Street, Anuka, Otolo, Nnewi, Anambra State.

The current CEO of Cutix Plc is Ijeoma Agnes Oduonye.

Cutix Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol CUTIX.

Cutix Plc forms part of the Industrial Goods Sector and Electronic and Electrical Products Sub Sector and appears in the Nigeria Industrial Index.

Cutix Plc

Cutix Plc Stock Performance

The current price for Cutix Plc stocks on the Nigerian Stock Exchange (NGX) is 4.95 Nigerian Naira (NGN).

An analysis of financial data of Cutix Plc showed that the company has a total market capitalisation of 8.72Billion NGN, with a Price/Earning ratio of 19.04 and earnings per share of 0.26 NGN. A total of 1.76 Billion shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Cutix Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Cutix Plc, analysts forecast further improved performance for the Industrial Goods sector with market share growing as trading volumes increase.

Looking Back At Highlights of Cutix Plc in 2021

Cutix Plc started the current financial year (2021) with a share price of 2.30 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 115 % in value on its price valuation, ranking eighth on the NGX with its year-to-date performance.

Cutix Plc is currently the 42nd most-traded stock on the NGX and it has experienced a total trading volume of more than 60 million shares, which were finalised in 2,356 deals and were valued at a total of 288 million Nigerian Naira (NGN) over the recent three month period from July to September 2021, with an average of 951,635 shares in each trading session.

During the same period a volume high of 6.23 million was achieved on one single day.

How to buy Cutix Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Cutix Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “CUTIX”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. 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.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.