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E-Tranzact International Plc (NGX: ETRANZACT) | Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024

E-Tranzact International Plc is a technology company listed on the Nigerian Stock Exchange (NGX). E-Tranzact International Plc offers services for electronic transaction switching and payment processing to universities, government authorities, parastatals, financial institutions, technology firms and aviation companies offering solutions for services from cash dispensing machines and international money transfers to payments of salaries and third parties.

Overview of E-Tranzact International Plc

E-Tranzact International Plc is a subsidiary of eTranzact Global Limited.


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E-Tranzact International Plc

Today, E-Tranzact International Plc’s portfolio of products and services are diversified in more sectors of the technology value chain and include the following: processing of all facets of electronic payment transactions using its switching platform. The Company's segments are Airtime purchases, Other commissions, and Maintenance and support services, software development and others.

The history of E-Tranzact International Plc goes back to 2003 and it was listed on 7 August 2009.

E-Tranzact International Plc has its head offices at 5th Floor Fortune Towers, 27/29 Adeyemo Alakija Street, Victoria, Island Lagos, Nigeria.

E-Tranzact International Plc renders its services in areas like Nigeria, Ghana, Kenya, Zimbabwe, South Africa, Cote d'Ivoire and the United Kingdom.

The current CEO of E-Tranzact International Plc is Olaniyi R. Awosope Toluwalope.

E-Tranzact International Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol ETRANZACT.

E-Tranzact International Plc forms part of the ICT Sector and Sub Sector: Processing Systems of the Nigerian Stock Exchange (NGX).

E-Tranzact International Plc

E-Tranzact International Plc Stock Performance

The current price for E-Tranzact International Plc stocks on the Nigerian Stock Exchange (NGX) is 2.05 Nigerian Naira (NGN).

An analysis of financial data of E-Tranzact International Plc showed that the company has a total market capitalisation of 13.6 Billion NGN, with a Price/Earning ratio of 51.25 and earnings per share of 0.04 NGN.

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

According to an analysis on the live chart of E-Tranzact International Plc, analysts forecast further improved performance for the technology sector with market share growing as trading volumes increase.

Highlights of E-Tranzact International Plc in 2021

E-Tranzact International Plc started the current financial year (2021) with a share price of 2.33 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has lost 12 % in value on its price valuation, ranking 134th on the NGX with its year-to-date performance.

E-Tranzact International Plc is currently the 57th most-traded stock on the NGX and it has experienced a total trading volume of more than 31.7 million shares, which were finalised in 74 deals and were valued at a total of 63.7 million Nigerian Naira (NGN) over the recent three month period from July to September 2021, with an average of 503,614 shares in each trading session.

During the same period a volume high of 16.2 million shares was traded on a single day.

How to buy E-Tranzact International 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 E-Tranzact International 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, “ETRANZACT”.
  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.

Nigel Firth
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.