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MBENEFIT, SOVRENINS, and UNITYKAP Joined the List of Stocks That Closed Below Previous Floor Price

Proshare

Thursday, February 01, 2018 / 05:55PM  / Proshare Research 

As trading activities progress, more stocks continue to join the list of stocks that have closed below the previous floor price of 50k since the new par value and pricing methodology rules takes effect on Monday 29th January 2018. 

At the end of today’s trading activities, three (3) stocks joined the previous nine (9) recorded as at yesterday to increase the number of stocks that closed below the previous floor prices of 50k to twelve (12). 

The new three affected stocks are: MBENEFIT, SOVRENINS and UNITYKAP while the previous nine (9) are: UNIC, CORNERST, MULTIVERSE,  FTNCOCOA, AFRINSURE, ABCTRANS, LASACO, PRESTIGE and ROYALEX. 

Table 1:
Today’s Price Performance of the Twelve (12) Stocks Traded and Closed Below Previous Floor Price

Ticker

P.Close

Close

Change

% Change

Trades

Volume

Value (N)

LASACO

0.42

0.38

-0.04

-9.52

21

         2,950,000

            1,123,000.00

ABCTRANS

0.42

0.40

-0.02

-4.76

2

          2,014,000

               805,600.00

AFRINSURE

0.48

0.44

-0.04

-8.33

4

              316,000

                143,240.00

PRESTIGE

0.46

0.44

-0.02

-4.35

22

          5,202,460

            2,290,082.40

ROYALEX

0.42

0.44

0.02

4.76

36

           2,341,026

                 966,682.26

FTNCOCOA

0.46

0.46

0.00

0.00

2

                 61,700

                   26,914.00

UNIC

0.46

0.46

0.00

0.00

1

                 14,000

                     6,160.00

CORNERST

0.48

0.47

-0.01

-2.08

4

               173,114

                   81,732.44

MBENEFIT

0.50

0.48

-0.02

-4.00

7

             260,000

                123,800.00

MULTIVERSE

0.48

0.48

0.00

0.00

1

                        395

                          181.70

SOVRENINS

0.50

0.48

-0.02

-4.00

1

             100,000

                  48,000.00

UNITYKAP

0.50

0.48

-0.02

-4.00

1

              150,000

                 72,000.00

Source:NSE

 

A breakdown of the volume traded by each of the twelve (12) stocks against the market volume traded at the end of today’s trading activities reflected that PRESTIGE traded the highest volume representing 0.83% while UNIC and MULTIVERSE traded the least with 0.002% and 0.001% representation respectively.

Table 2:
Percentage (%) of Volume Traded vs. Total Market Volume

Ticker

Volume

Market Volume

%

LASACO

   2,950,000.00

            630,582,272

0.47%

ABCTRANS

   2,014,000.00

            630,582,272

0.32%

AFRINSURE

       316,000.00

            630,582,272

0.05%

PRESTIGE

   5,202,460.00

            630,582,272

0.83%

ROYALEX

    2,341,026.00

            630,582,272

0.37%

FTNCOCOA

          61,700.00

            630,582,272

0.01%

UNIC

          14,000.00

            630,582,272

0.00%

CORNERST

         173,114.00

            630,582,272

0.03%

MBENEFIT

       260,000.00

            630,582,272

0.04%

MULTIVERSE

                 395.00

            630,582,272

0.00%

SOVRENINS

       100,000.00

            630,582,272

0.02%

UNITYKAP

       150,000.00

            630,582,272

0.02%

Source: NSE, Proshare Research

 

A further breakdown of the volume traded by each of the twelve (12) stocks against their share outstanding reflected that ABCTRANS, recorded the highest percentage with 0.12% while MULTIVERSE recorded the least. 

Table 3:
Percentage (%) of Volume Traded vs. Shares Outstanding

Ticker

Volume

NOSO

%

LASACO

   2,950,000.00

7,323,433,421

0.04%

ABCTRANS

   2,014,000.00

1,657,700,000

0.12%

AFRINSURE

       316,000.00

20,585,000,000

0.002%

PRESTIGE

   5,202,460.00

5,518,293,960

0.09%

ROYALEX

    2,341,026.00

3,608,657,661

0.06%

FTNCOCOA

          61,700.00

2,200,000,000

0.003%

UNIC

          14,000.00

2,582,296,000

0.001%

CORNERST

         173,114.00

14,729,507,615

0.001%

MBENEFIT

       260,000.00

8,000,000,000

0.003%

MULTIVERSE

                 395.00

4,261,938,686

0.00001%

SOVRENINS

       100,000.00

8,340,823,296

0.001%

UNITYKAP

       150,000.00

13,866,666,666

0.001%

Source: NSE, Proshare Research

 
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Proshare Nigeria Pvt. Ltd.

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