What is J Sainsbury plc?
J Sainsbury plc is one of the oldest food retailers in the UK, where it is simply known as Sainsbury’s. It was founded by the couple John James and Mary Ann Sainsbury in 1869 and headquartered in London, England.
The company sells its products and services through a network of more than 600 supermarkets and over 800 convenience stores. It makes Sainsbury’s one of the biggest food retailers in the UK. Sainsbury’s also offers e-commerce services. Although primarily established as a food retailer, the company has diversified into selling non-food products. Sainsbury’s sells apparel, homeware and cookware and consumer electronics under different brands such as Tu, Home and Habitat and Argos.
The company also offers financial products and services related to banking and insurance through Sainsbury’s Bank. The business activities of the company are organised in segments like Retail, Financial and Property investment, holding a wide product portfolio composed of insurance, credit cards, loans, savings, gas and electricity supply and many more.
Sainsbury’s stock is listed on the London Stock Exchange with a ticker symbol "SBRY" It became a publicly-traded company on 12 July 1973.
Performance of Sainsbury share price
During the last couple of decades, Sainsbury’s share price records regular multiyear upward and downwards trends where most of the peaks are lower than the previous high. Sainsbury’s stock price may maintain an overall trending movement for anywhere from a couple of months to a couple of years. Sainsbury’s share price also shows a tendency to make range-bound movements when looking at the monthly price chart. SBRY share price fluctuated up to £3.40 in August 2018, which is the peak price in the last five years. Sainsbury’s stock price moved down to nearly £1.70, while its lowest closing price was around £1.80 in late August 2020.
Sainsbury’s share price chart shows that this security has the potential to record a fluctuation of around 5% in a single trading day based on the underlying factors. Dzengi.com’s tokenised assets platform shows the movements in the latest Sainsbury’s share price induced by the underlying factors. Traders can follow the Sainsbury’s share price live on the Dzengi.com trading platform.
How to buy Sainsbury’s shares with tokenised assets
Traders have a plethora of trading instruments to benefit from the fluctuations in Sainsbury’s stock price. Direct purchase of J Sainsbury stocks is one of the well-known methods used by investors. The use of blockchain technology in the development of trading instruments eliminates the negative features associated with some of the traditional instruments, such as stocks.
The tokenised assets created by the Dzengi.com trading platform enable traders to capture opportunities formed with Sainsbury’s share price movements. Tokenised Sainsbury’s shares will reproduce the price changes of J Sainsbury stock, eliminating the need to directly own any shares. Due to the application of smart contracts and the advancements in blockchain, traders on the Dzengi.com platform can purchase tokenised assets with bitcoin or ether. The ability to buy tokenised assets with crypto excludes the need to exchange cryptocurrency for fiat currency before investing in tokenised shares.
Tokenised J Sainsbury shares offered by Dzengi.com come with a leverage of up to 1:20, which represents an additional advantage for traders and investors. The leverage shows the position size that could be open with a specific amount of your trading capital. For instance, if you plan to put £1,000 in tokenised Sainsbury’s shares with leverage of 1:20, you might open a potential trade worth £20,000.
Tokenised Sainsbury’s shares trading guide
The steps to invest in tokenised stocks on the Dzengi.com platform are:
- 1. Open an account on Dzengi.com either as an individual or as a legal entity.
- 2. Put funds into your account. You can select to deposit fiat money or fund your account with cryptos, such as Bitcoin or Ethereum.
- 3. Estimate the position size based on your leverage or calculate how much capital you need to invest in the specific tokenised asset for a specific position size with the given margin.
- 4. Using the result from your analysis of SBRY stock, decide whether you will enter a buy or sell trade with tokenised shares.
- 5. Dzengi.com ties the long and short positions executed by the traders, whereas free positions are hedged through Capital.com, LMAX Digital and exchanges like Binance, Bitstamp, Kraken, NASDAQ, NYSE, and Gain Capital.
- 6. Long and short positions can be closed at the trader’s discretion directly on the platform or by setting up specific take-profits or stop-loss orders. After closing the positions, funds can be used for opening new trades, or they could be withdrawn in the respective currency.
Why trade tokenised SBRY stocks with Dzengi.com?
Trading tokenised Sainsbury shares with Dzengi.com tokenised assets exchange has a number of advantages. Tokens are underpinned by robust and immutable blockchain technology. Opening a trade will give you a token that tracks and moves according to the underlying instrument’s price.
- One-stop crypto trading platform
Trade tokenised SBRY shares with Bitcoin or Ethereum. Benefit from the shares price movements without exchanging your crypto assets into fiat.
Trade tokenised shares with a tight market spread, benefit from maker rebates and competitive taker fees.
Experienced traders can trade the world’s top stocks, such as SBRY, with up to 1:20 leverage.
- Effective risk management
Manage your risks and secure your profits with stop-loss and take-profit orders. Save your assets with negative balance protection.
Dzengi.com has a scalable and low latency order management system, which can execute 50 million trades a second.
Dzengi.com operates under new Belarusian regulation with best-in-class AML and KYC laws. Regulatory details and fees are upfront.