WAPCO: NSE Removes Company from List of 10,000Unit Market Trade Equities

Proshare

Friday, March 06, 2015 6.57PM/NSE


With reference to Rules and Regulations governing Dealing Members Amendments and Additions (VI) Article 100: Pricing methodology which states as follows:

 

‘For purposes of calculating price movements and price limits, equity securities traded on the Exchange shall be classified as follows:

 

Group A shall consist of equities with a Primary Market Maker that are not classified in Group B; and

 

Group B shall consist of equities with a Primary Market Maker that are priced above N100.00 per share for at least four of the last six months; or new security listings that are priced above N100.00 at the time of listing on The Exchange’

 

WAPCO has traded below N100 for the past 4 months within the past 6 months’ timeframe. Therefore, it has been removed from the list of 10,000 units’ market trade price movement equities.

 

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