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ASO Savings and Loans

Buy ASO Savings and Loans stocks

ASO Savings and Loans (NGX: ASOSAVINGS)

ASO Savings and Loans is a Nigeria-based financial services institution that is listed on the Nigerian Stock Exchange (NGX) and provides mortgage banking products and services. Offering a range of transactional accounts, fixed deposits, financial loans, and e-banking.

 

ASO Savings and Loans stocks at a glance

🏢 Stock NameASO Savings and Loans
🌐 CountryNigeria
🏛️ Stock ExchangeNGX
📇 Stock SymbolASOSAVINGS
💰 CurrencyNGN
📈 52 Week High-1.00
📉 52 Week Low-1.00

 

 

What is ASO Savings and Loans

 

The history of ASO Savings and Loans Plc can be traced back to 1995 when the company was established, and it was listed on the Nigerian Stock Exchange (NGX) on April 25, 2008.

ASO Savings and Loans Plc also offers a range of transactional accounts, fixed deposits, and financial loans as well as e-banking solutions such as mobile and desktop banking as well as real estate investment banking products.

ASO Savings and Loans Plc has delivered social mortgages to beneficiaries under the National Housing Fund Scheme and directly developed five housing estates around Abuja.

Today, ASO Savings and Loans Plc has a diversified portfolio in more sectors of the Financials value chain and renders the following services: individual banking solutions, business banking solutions, home finance solutions, e-banking solutions, and real estate investment banking. The Bank’s products in the individual banking solutions category include Non-Target Savings, Savings for Mortgage, Savings for Other and Personal Loans.

ASO Savings and Loans Plc’s products in the business banking solutions category include Corporate Current and ASO Fixed Deposit. The Bank’s products in the home finance solutions category include MyResidential Mortgage Loan, MyBusiness Mortgage, National Housing Fund, and MyHouse Purchase Program.

ASO Savings and Loans Plc’s products in the e-banking solutions category include ASOMobile, Web/Internet Banking, automated teller machine (ATM), and point of sale (POS).

MyResidential Mortgage Loan is a loan for the acquisition of a house or property. ASOMobile is a phone-based banking application designed to make transactions.

 

ASO Savings and Loans Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol ASOSAVINGS.

ASO Savings and Loans Plc has its headquarters at Plot 266 FMBN Building, Cadastral Zone AO, Central Business District, Abuja, Nigeria.

The current CEO of ASO Savings and Loans Plc is Adekunle Demola Adedigba.

ASO Savings and Loans Plc forms part of the Regional Banks Industry and the Financials Sector.

 

ASO Savings and Loans Stock Performance

 

The most recent or current price for ASO Savings and Loans Plc stocks is 0.50 Nigerian Naira (NGN). The company has a total market capitalization of 7.37 Billion NGN with a P/E ratio of 0 and earnings per share of 0 NGN.

A total of 14.7 Billion shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell ASO Savings and Loans Plc stocks can look forward to improved dividends and earnings in times to come.

According to an analysis on the live chart of ASO Savings and Loans Plc, analysts forecast possible further improved performance for the Financials sector with a growing market share as trading volumes increase.

 


 

Highlights of ASO Savings and Loans

 

ASO Savings and Loans Plc closed its last trading day on Friday, June 30, 2017, at 0.50 NGN per share on the Nigerian Stock Exchange (NGX).

 

How to buy ASO Savings and Loans Plc stocks – Step by Step

 

The stock market is still one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily.

To buy, sell or trade ASO Savings and Loans Plc stocks, traders and investors can follow a few 6 simple steps:

  1. Step 1 – Find the share that you want to buy, in this case, “ASOSAVINGS”.
  2. Step 2 – Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Step 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. Step 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. Step 5 – You are now ready to make your first share purchase through the broker.
  6. Step 6 – You can further start to build and diversify your portfolio by buying more shares.

 


 

Frequently asked questions

 

What is the NGX?

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises the leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2021, the former Nigerian Stock Exchange was demutualized from a member-owned not-for-profit entity into a shareholder-owned, profit-making entity called the Nigerian Exchange Group Plc.

NGX publishes the standard, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalization.

 

On which stock exchange does ASO Savings and Loans Plc have shares for sale?

ASO Savings and Loans Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol ASOSAVINGS.

 

What type of company is ASO Savings and Loans Plc?

ASO Savings and Loans Plc is a Nigeria-based financial services institution that is listed on the Nigerian Stock Exchange (NGX) and provides mortgage banking products and services.

 

In which industry and sector do ASO Savings and Loans Plc operate?

ASO Savings and Loans Plc forms part of the Regional Banks Industry and the Financials Sector.

 

What is the price of ASO Savings and Loans Plc shares today?

At the time of writing, the current price of ASO Savings and Loans Plc shares was 0.50 NGN.

 

Is ASO Savings and Loans Plc a good investment?

ASOSAVINGS had its last trading day on Friday, June 30, 2017.

ASO Savings and Loans Plc’s forecast indicates possible further growth and improvement from the second half of 2021, with investors expecting lucrative or more profitable dividends and returns with increased financial performance.

 

What is the risk analysis for ASO Savings and Loans Plc stocks?

ASO Savings and Loans Plc closed its last trading day on Friday, June 30, 2017, at 0.50 NGN per share on the Nigerian Stock Exchange (NGX).

 

 

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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