BLUE CHIP STOCKS

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Blue Chip Stocks are shares of very large and well-known companies with a long history of sound financial performance. These stocks are known to have capabilities to endure tough market conditions. They generally cost high, as they have good reputation and are often market leaders in their respective industries.

The term blue chip was derived from poker, with the blue chip having the highest value. Pension fund as well as mutual fund often invest in blue chip stocks because of their consistent record of profitability and dividend history.
A blue chip stock is generally a component of the most reputable market indexes or averages such as ours the NSEASI (Nigeria Stock Exchange All Share Index).

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