According to a recent study, Shell (LSE: SHEL) is Nigeria’s most searched UK stock, with over 670 monthly searches.

There are over an estimated 4,700 monthly searches for UK stocks in Nigeria.

The study, by UK financial services provider CMC Markets, analysed Google search data for over 250 top UK stocks in the most populated countries and found that Shell, Ashtead and GlobalData were the top three searches in Nigeria.

One in five Nigeria-based searches for UK stocks is for oil and gas companies, twice greater than the global average of one in 12.

Oil and gas company Shell, which recently announced record profits of $40 billion, is the most popular stock in Nigeria, with 670 monthly searches. Searches for Shell make up over 1 in 50 average monthly global searches for UK stocks.

Shell announced record-breaking profits last week as fuel prices soar amid a cost of living crisis driven by several global and domestic factors.

Industrial equipment company Ashtead is the second most Googled UK stock in Nigeria, receiving over 500 monthly searches.

Data analytics company GlobalData (LSE: DATA) is Nigeria’s second most Googled UK stock. The majority of searches are to buy DATA stock.

BP, which recently announced record profits of $28 billion, is the fourth most popular UK stock in Nigeria with over 350 monthly searches.

The multinational oil and gas company is the most searched globally, including countries such as Azerbaijan, Cyprus, Iraq, Oman, Philippines, Qatar, Turkey, and Vietnam.

BP (LSE: BP) is also the most popular in the United Kingdom and the United States and has the highest monthly search volume out of any UK stock, over 994,000. Search volume is primarily driven by the United Kingdom and the United States traffic, making up nearly nine in ten (88%) global searches for BP stock.

Anglo American (LSE: AAL), a mining company, is Nigeria’s fifth most searched UK stock. The country has an estimated 230 monthly searches for Anglo American stock.

The study reveals over 4,700 estimated monthly searches for UK stocks in Nigeria.

A spokesman from CMC Markets commented:

“There are over 16.6 million estimated monthly searches for UK stocks worldwide, with just over one in four searches coming from outside the UK.

These findings highlight Shell’s global reach and popularity as a publicly traded company. The high search volume for these stocks indicates strong consumer interest in oil and gas companies and their financial performance.

It is also worth noting that the average monthly search volume for these stocks indicates consumer sentiment toward the stock. Investors should take note of the high search volume for the top five stocks in Nigeria, as this may indicate strong potential for growth in these companies.

The study provides valuable insight into consumer sentiment toward UK stocks internationally. The findings of the study can help investors make more informed decisions when it comes to investing in UK stocks”.

This study was conducted by CMC Markets, a UK-based financial services company that offers online trading in shares, spread betting, contracts for difference and foreign exchange across world markets.

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• New analysis reveals Singapore as the country most interested in stocks and trading in the past year.  
• India and Canada are the second and third countries Googling stock-related terms the most. 
• Nigeria ranks as the tenth most stock obsessed country worldwide.

Nigeria ranks as one of the most stock-obsessed countries in the world, new study reveals.

The study, carried out by UK financial services provider CMC Markets, examined Google Trends data of search terms frequently used by people interested in stocks and trading.

These terms were then combined to give each English-speaking country a ‘total search score’ to discover which countries have been the most interested in stocks in the past 12 months.

The study revealed that Singapore ranks highest as the country most interested in stocks and trading.

With a total search score of 555 out of a possible 700, Singapore topped the list for its population having the highest search levels for the phrases ‘stocks’, ‘buy stocks’, and ‘interest rate’ worldwide. Additionally, the population of Singapore search for ‘stock market’ the third most worldwide, behind the United States and India.

India is second on the list with a total search score of 492. India has the second-highest proportion of its population searching for both the phrases ‘stock market’ and ‘swing trading’ placing the country second in the ranking.

Canada places as the third country most interested in stocks worldwide. The North American country has the second-highest level of searches for the term ‘invest in stocks’, in addition to being the country searching for ‘buy stocks’ the third most worldwide, giving Canada a total search score of 462.

The United States places fourth overall. With a total search score of 453 out of a possible 700, the USA has the highest level of searches for both terms ‘invest in stocks’ and ‘stock market’, and the fourth-highest level of searches for the term ‘buy stocks’.

The United Arab Emirates places fifth in the ranking, with a total search score of 374. The study revealed that the UAE has the fourth-highest search levels for the term ‘swing trading’ and is the fifth country most interested in ‘day trading’.

Australia is sixth on the list with a total search score of 338. Australia has the sixth-highest proportion of its population searching for the phrase ‘invest in stocks’ and is interestingly the country most interested in ‘day trading’ worldwide, meaning that they may like to hold their stocks for the shortest period of time!

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The top ten is rounded out by South Africa ranking in seventh place and New Zealand in eighth, followed by the United Kingdom and Nigeria in ninth and tenth place, respectively.

The study was conducted by CMC Markets, a UK-based financial services company that offers online derivative trading products such as spread betting and contracts for difference across world markets such as shares and foreign exchange.

The post Top 10 Countries Most Interested in Stock and Trading appeared first on Tech | Business | Economy.