Who is FSDH Capital?
FSDH Securities Limited (FSDH Sec.) formerly Counters Trust Securities Limited (CTSL), is a Dealing Member of The Nigerian Stock Exchange. We are registered with the Securities & Exchange Commission as a Broker / Dealer and Issuing House. Over the last ten years, FSDH has firmly established itself as one of the major players in the stock market providing high quality services to individual and institutional clients whilst upholding the highest standards of business ethics, integrity and professionalism.
Relationship Between FSDH and FSDH Capital.
FSDH Merchant Bank Limited (FSDH MB), one of the leading discount houses in Nigeria, was very instrumental to the establishment of FSDH Sec. In 2004, FSDH Asset Management Limited, (FAML) a fully owned subsidiary of FSDH Merchant Bank Limited, acquired majority shareholdings in FSDH Securities. Following this acquisition, FSDH Sec became a direct subsidiary of FAML and an indirect subsidiary of FSDH.
Prior to the acquisition, FSDH had provided FSDH Sec with financial, technical, research and managerial support. The acquisition further consolidates on the technical support hitherto received from FSDH, with clients benefiting from the synergy derived therein.
How to invest in the Nigerian stock market?
Opportunities to buy shares exist via two channels:
- Investing through public or private offers of new or existing shares- Several quoted and unquoted companies as well as the different tiers of government offer shares or stocks to the public to fund development and other projects. In the case of public offers, the securities are advertised in the print and/or electronic media and application forms are made available through stockbrokers, such as FSDH Sec, Banks and other avenues. In the case of private offers, the shares are not advertised to the general public but are offered to a selected number of prospective investors. The investors subscribe to these offers by filling out an application form and attaching payment for the securities they wish to purchase. Subsequently, the issuing house processes all applications and allots shares to subscribers in accordance with agreed criteria. Certificates are then sent to successful subscribers and serve as evidence of ownership. Shareholders may trade these certificates in the future. Meanwhile, cheques for the amount paid for subscriptions are mailed to unsuccessful subscribers.
- Buying securities on the Stock Exchange – Investors may purchase shares on quoted securities in The Nigerian Stock Exchange. Investors can only buy shares through agents called stockbrokers, such as FSDH Sec. Investors are advised to contact stockbrokers who would provide the necessary documentation to open an account with the Central Depository. Subsequently, investors should discuss their orders with the stockbroker who would then purchase the shares.