NSE Index Reconstitution: CCNN Removed From 8 Sector Indices; To be Replaced by BUACEMENT

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Friday, January 10, 2020 / 07:27 PM / NSE / Header Image Credit: The Nigerian Stock Exchange

 

The Index Governance Committee of the Exchange wishes to inform the public that Cement Company of Northern Nigeria Plc (CCNN), following the completion of Scheme of Merger between CCNN and Obu Cement Company Plc, and subsequent delisting, has been removed from the following Indices:

  • NSE All Share Index
  • NSE Main Board Index
  • NSE 30 Index
  • NSE Pension Index
  • NSE AFR Div Yield Index
  • NSE MERI Growth Index
  • NSE Lotus Islamic Index
  • NSE Industrial Goods Index

 

CCNN will be replaced in the same weight by BUA Cement Plc as a constituent security in all the referenced index baskets.

 

The periodic rebalancing of the NSE’s Indices will remain unchanged and not affected by this reconstitution.

 

Visit Bua Cement Plc IR Page in Proshare MARKETS


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Related News - CCNN

1.       Outcome of The Scheme of Merger: CCNN and Obu Cement Now BUACEMENT

2.     NSE Places Full Suspension on Trading on the Shares of Cement Company of Northern Nigeria Plc

3.     CCNN and Obu Cement Merger Update: Excerpts From The Scheme Of Merger

4.     CCNN Notifies Of Court Ordered Meeting

5.     CCNN And Obu Cement Company Exploring A Merger of Both Entities

6.      CCNN Plc Notifies of Closed Period For Q3 2019

7.      CCNN Plc Records Mixed Performance In Revenue and Declining PBT Margin in Q2 2019 Results

8.      CCNN Declares N7.28bn PAT in Q2 2019 Results,(SP: N11.60k)

9.      CCNN Notifies of the Company's Board Meeting and Closed Period

10.  TOURIST, CCNN and 21 Others Have Free Float Deficiencies

11.    CCNN Notifies of the 40th Annual General Meeting of the Company

12.   CCNN, BUA Cement wins EMEA Finance Award

13.   Nigeria's Cement Market Battles: CCNN in Focus

14.   CCNN Declares N3.64bn PAT in Q1 2019 Results,(SP: N17.00k)


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

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