Friday, October 7, 2022

X-Mobile: NGX launches new app to access stock market

The Nigerian Exchange (NGX) Limited has announced that an enhanced version of its mobile app X-Mobile, will be released today (September 1).

• September 1, 2021
Nigerian Exchange
Nigerian Exchange [Photo Creadit: Business Live Nigeria]

The Nigerian Exchange (NGX) Limited has announced that an enhanced version of its mobile app X-Mobile, will be released today (September 1).

The Chief Executive Officer, NGX, Temi Popoola, said in a statement on Tuesday that the new X-mobile would enable capital market players and potential investors to have the requisite resources to engage more with the market.

According to the statement, the app, first launched in 2019 in its Beta state, is a dynamic and user-friendly mobile application designed to enhance investors’ participation in the Nigerian capital market.

The NGX boss also noted that the X-Mobile was now accessible in the Google Play Store and Apple iOS Store.

It is expected to provide market participants, especially retail investors, with convenient, faster, and real-time access to information about NGX, its listed securities, and Trading License Holders.

“The delivery of X-Mobile is in line with NGX’s strategic intent to provide an exchange that is easily accessible to stakeholders leveraging digital technology,” the NGX statement explained. “X-Mobile, therefore, provides a platform to engage with existing and potential investors who now have increased appetite for data and detailed disclosure information to aid sound investment decisions.”

The Nigerian stock exchange noted that the app would complement the NGX website and other NGX portals currently used to provide information to market stakeholders.

“X-Mobile affirms our commitment to make financial services more inclusive and provide a superior customer experience in the access and use of capital,” said the divisional head of Trading Business at NGX, Jude Chiemeka. “We believe that X-Mobile is on course to become the primary interface for local and international investors to stay abreast of market trends and domestic economic performance.”

Existing users of the beta version of X-Mobile would be required to create new accounts as the app now requires password login.

Other features in the new app include the market news feed and the trade engine simulator, where they can learn or improve their trading proficiency.

(NAN)

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