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Secure Electronic Technology Plc (NGX: NSLTECH) Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024
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Secure Electronic Technology Plc

Secure Electronic Technology Plc is a company listed on the Nigerian Stock Exchange (NGX) that holds the license to operate the national lottery in Nigeria.

Secure Electronic Technology Plc has an exclusive 30-year license granted by the Federal Government of Nigeria and governed by the National Lotteries Act 2005.

Overview of Secure Electronic Technology Plc

Today, Secure Electronic Technology Plc’s portfolio of products and services are diversified in more sectors of the Consumer Services value chain and include the following: Games managed by Secure Electronic Technology Plc includes 60F49, the newest Jackpot game; 2Sure, the game with the highest payout; 50F90, a fixed-odds game with a pre-determined payout; and Betwazobia, a dedicated 24/7 mobile and online game platform.

The history of Secure Electronic Technology Plc goes back to 2000 when it was first founded, and it had been listed on December 14, 2007. Secure Electronic Technology Plc Formerly known as the National Sports Lottery, the company Secure Electronic Technology Plc provides the infrastructure and technology to run the lottery and gaming products.

Secure Electronic Technology Plc has its head offices at 107 Bamgbose Street, Lagos Island, Nigeria

The current CEO or managing director of Secure Electronic Technology Plc is Hamzat Abiodun.

Secure Electronic Technology Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol NSLTECH.

Secure Electronic Technology Plc forms part of the Casinos & Gaming Industry and the Consumer Services Sector of the Nigerian Stock Exchange (NGX).

Secure Electronic Technology Plc Stock Performance

The current price for Secure Electronic Technology Plc stocks on the Nigerian Stock Exchange (NGX) is 0.20 Nigerian Naira (NGN).

An analysis of financial data of Secure Electronic Technology Plc showed that the company has a total market capitalisation of 1.13 Billion NGN, and the number of shares outstanding is 5.63 Billion.

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

According to an analysis on the live chart of Secure Electronic Technology Plc, analysts forecast further improved performance for the Consumer Services sector with market share growing as trading volumes increase.

Secure-Electronic-Technology-Shares

Highlights of Secure Electronic Technology Plc in 2021/2022

Secure Electronic Technology Plc had its last trading day on Tuesday, December 7, 2021 when it traded at 0.20 NGN per share on the Nigerian Stock Exchange (NGX).

Secure Electronic Technology Plc is currently the 134th most-traded stock on the NGX and it has experienced a total trading volume of 5,200 shares, which were finalised in 3 deals and were valued at a total of 1,040 Nigerian Naira (NGN) over the recent three month period from October 2021 to January 2022, with an average of 83 shares in each trading session.

During the same period a volume high of  5,000 was achieved on November 12.

How to buy Secure Electronic Technology 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 Secure Electronic Technology 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, “NSLTECH”.
  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.