📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

NASCON Allied Industries

Buy NASCON Allied Industries stocks

NASCON Allied Industries (NGX: NASCON) Stocks

What is NASCON Allied Industries Plc

NASCON Allied Industries Plc is a company registered in Nigeria and originally established as a salt refining establishment under the name National Salt Company (NASCON).

Allied Industries Plc has since progressed and added more business lines to include Vegetable Oil, Tomato Paste and Seasoning with its production facilities situated in Lagos State (Apapa and Oregun), Ogun State (Ota) and Rivers State (Port Harcourt).

Allied Industries Plc is a member of the Dangote Group of companies and the company is committed to achieving the mission and vision of the whole group through the provision of all its products and interactions.

The history of NASCON Allied Industries Plc can be traced back to 1973 when the company was established as National Salt Company of Nigeria Plc.

Today, NASCON Allied Industries Plc has a diversified portfolio in more sectors of the Consumer Goods value chain and renders the following services: the manufacturing and marketing of a range of edible salt for industrial use and iodine-fortified kitchen salt for domestic use in Nigeria. By-products from the salt refining process include fine (butter) salt used to make biscuits and confectionary products and granulated kitchen salt and industrial salt.

Salt products for domestic use are marketed under the brand name Annapurna and Dangote. Annapurna is a brand name owned by West Africa Popular Foods (WAPF) as a joint venture between the former NASCON and Unilever Nigeria Plc. The company has installed capacity of 400 000 tonnes per annum for 25-50 kilogram bags of salt and 100 000 tonnes per annum for salt sachets.

NASCON Allied Industries Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol NASCON.

NASCON Allied Industries Plc has its headquarters at 15B Ikosi Road, Oregun Industrial Estate, Oregun, Ikeja, Lagos State, Nigeria.

The current Managing Director of NASCON Allied Industries Plc is Paul Farrer.

NASCON Allied Industries Plc forms part of the Food Industry and the Consumer Goods Sector.

 

NASCON Allied Industries Plc Stock Performance

The current price for NASCON Allied Industries Plc stocks is 14.15 Nigerian Naira (NGN). The company has a total market capitalisation of 37.5 Billion NGN with a P/E ratio of 10.64 and earnings per share of 1.33 NGN. A total of 2.65 Billion shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell NASCON Allied Industries Plc stocks can be assured of lucrative dividends and earnings in times to come.

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


Highlights of NASCON Allied Industries Plc in 2022

NASCON Allied Industries Plc started the year with a share price of 14.50 NGN, and it has lost 2.41 % in value on its price valuation, ranking 107th on the NGX where year-to-date performance is concerned.

NASCON Allied Industries Plc is currently the 79th most-traded stock on the NGX and it has experienced a total trading volume of more than 13.3 million shares, which were finalized in 905 deals and were valued at a total of 194 million NGN over three months, with an average of 211,278 shares in each trading session.

The highest volume shares traded on one single day was 2.06 million, achieved on 13 October.

 

How to buy NASCON Allied Industries Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade NASCON Allied Industries Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “NASCON”.
  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. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.


FAQs

What is the NGX?

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises 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 2022, the former Nigerian Stock Exchange was demutualised 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 capitalisation.

 

On which stock exchange does NASCON Allied Industries Plc have shares for sale?

NASCON Allied Industries Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol NASCON.

 

What type of company is NASCON Allied Industries Plc?

NASCON Allied Industries Plc is a Nigerian company originally established as a salt refining establishment but now including Vegetable Oil, Tomato Paste and Seasoning

 

In which industry and sector does NASCON Allied Industries Plc operate?

NASCON Allied Industries Plc forms part of the Food Industry and the Consumer Goods Sector.

 

What is the price of NASCON Allied Industries Plc shares today?

At the time of writing, the current price of NASCON Allied Industries Plc shares was 14.15 NGN.

 

Is NASCON Allied Industries Plc a good investment?

NASCON Allied Industries Plc’s forecast indicates further growth and improvement in the second half of 2022, with investors hoping for profitable dividends and returns with increased financial performance.

 

What is the risk analysis for NASCON Allied Industries Plc?

NASCON Allied Industries Plc has experienced a decline in stock price of 18.68% over the past year.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

eXcentral Minimum Deposit

  eXcentral Minimum Deposit amount to open a real trading account is $250 / (R4013,83 USD/ZAR.  The Minimum Deposit for 1st-time traders might vary based on

eXcentral Fees and Spreads

  eXcentral spread and commission fees start from US Dollar 0.00 with spreads from 2.5 pips.eXcentral does not offer spread betting and thus spread betting

eTrader Review

  Overall, eTrader is regulated by CySEC authorities and it has a high trust score of 70 out of 100 and is considered a low-risk

FairFX Review

  Overall, FairFX can be seen as a reliable financial institution that is considered low-risk. FairFX has an overall trust score of 50 out of

HYCM Review

  Overall, HYCM can be summarised as a safe broker that provides competitive spreads on Contracts for Difference (CFDs). It offers 300+ trading instruments with

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x