NGX
The Nigerian Exchange Group — Nigeria's main stock market where companies like DANGCEM and GTCO list their shares.
e.g. When you buy MTNN on Kobopilot, you're trading an NGX-listed stock.
trading glossary
bid
The highest price a buyer is willing to pay for a stock right now.
e.g. If the bid is ₦285, buyers want shares at that price or lower.
ask
The lowest price a seller is willing to accept for a stock right now.
e.g. If the ask is ₦287, sellers won't sell below that price.
spread
The gap between the bid and ask prices.
e.g. A tight spread usually means the stock is easier to trade.
market order
An order to buy or sell immediately at the best available price.
e.g. Use this when speed matters more than an exact entry price.
limit order
An order that only fills at your chosen price or better.
e.g. A buy limit at ₦100 only executes at ₦100 or lower.
volume
How many shares changed hands during a trading session.
e.g. High volume on a price move often means strong participation.
dividend
Cash some companies pay shareholders from their profits, usually in naira per share.
e.g. If GTCO pays ₦3 per share, 100 shares earn ₦300 in dividends.
portfolio
Your collection of investments — cash plus all your holdings.
e.g. Paper mode starts you with ₦1,000,000 cash and zero holdings.
diversification
Spreading money across different stocks or sectors to reduce risk.
e.g. Owning both a bank and a cement stock is more diversified than one stock.
candlestick
A chart shape showing open, high, low, and close prices for a time period.
e.g. A green candle means the price closed higher than it opened.
ASI
All-Share Index — tracks the overall direction of the NGX market.
e.g. When the ASI rises, most NGX stocks are trending up together.
market cap
Total value of a company's shares — price multiplied by shares outstanding.
e.g. Large caps like DANGCEM often move more slowly than small caps.
paper trading
Practice buying and selling with fake money — zero real risk.
e.g. Kobopilot's practice tab uses ₦ play cash, not your bank account.
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