Goddy Egene
The Nigerian Stock Exchange (NSE) has issued the second edition of its comic, StockTown, dedicated to providing financial literacy to Nigerians.
The initiative is part of efforts to empower individuals across all levels to make good financial decisions and better their lives now and in the future.
The comic, available in digital format builds on The Exchange’s advocacy for safe and trusted investment schemes.
The story picks up from the first edition, following the life of Mora Johnson as she seeks to liberate her family from their financial struggles by investing in the capital market. The second edition highlights some major lessons for potential and existing investors including the need for vigilance in avoiding Ponzi schemes and unregulated investments, whilst advising prospective investors to seek proper guidance before making investment decisions.
Commenting on the importance of this comic book, Head, Corporate Communications, NSE, Olumide Orojimi said: “Investor education is a priority for us at the exchange. We have identified the need to empower individuals across all levels to make good financial decisions and better their lives now and in the future.
“As the investment landscape continues to evolve to accommodate more retail participants, we are excited to leverage new and existing platforms to present investment products and processes in ways that are both appealing and easy to understand, particularly in this new normal. We hope that StockTown becomes a widely-read resource for potential and existing investors, the financially excluded, millennials and the larger public.”
According to him, StockTown is just one of the many ways NSE demonstrates its strong commitment to promoting financial literacy in Nigeria.
Even amidst the Coronavirus pandemic and the temporary closure of The Exchange’s facilities, NSE continues to host virtual financial literacy workshops with students and young upwardly mobile professionals. Furthermore, The Exchange has hosted several webinars on various products including Exchange Traded Funds (ETFs), Green Bonds, and Securities Lending to provide more information to the market on available securities and how to trade them,” he said.
Meanwhile, the stock market recovered after two days of decline. The NSE All-Share Index (ASI) appreciated by 0.06 per cent to close at 24,130.26, while market capitalisation added N8.2 billion to close at N12.6 trillion.
Activity level strengthened as average volume and value traded rose by 0.0 per cent and 66.4 per cent to 208.2 million shares and N1.8bn respectively. The top traded stocks by volume were Sterling Bank Plc (77.2 million shares), UBA (19.8 million shares).
