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Three New Stocks Closed Below Previous Floor Price After Today’s Trading; Tally Increases to Seven

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Tuesday, January 30, 2018 / 04:59PM  / Proshare Research

Market activities continue to reflect the new par value and pricing methodology rule which takes effect yesterday. 

At the end of today’s trading activities, three (3) stocks joined the previous four (4) recorded yesterday to increase the number of stocks that closed below the previous floor prices of 50k to seven (7). 
The three new affected stocks are MULTIVERSE,  FTNCOCOA  and AFRINSURE which joined the four (4) previous stocks  which are  ABCTRANS, LASACO, PRESTIGE  and ROYALEX.


Table 1:
Today’s Price Performance of the Seven (7) Stocks That Closed Below Previous Floor Price

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A breakdown of the volume traded by each of the seven (7) stocks against the market volume traded at the end of today’s trading activities reflected that 
ROYALEX traded the highest volume representing 0.04% while AFRINSURE and PRESTIGE traded the least with 0.01% representation each. 

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

Ticker

Volume

Market Volume

%

ABCTRANS,

          175,141

           876,976,096.00

0.02%

ROYALEX

         328,372

           876,976,096.00

0.04%

FTNCOCOA

        150,000

           876,976,096.00

0.02%

LASACO

         148,000

           876,976,096.00

0.02%

AFRINSURE

        100,000

           876,976,096.00

0.01%

MULTIVERSE

        150,000

           876,976,096.00

0.02%

PRESTIGE

          111,359

           876,976,096.00

0.01%

Source: NSE, Proshare Research

 

A further breakdown of the volume traded by each of the seven (7) stocks against their share outstanding reflected that ABCTRANS, FTNCOCOA  and ROYALEX recorded the highest percentage of 0.01% each while AFRINSURE recorded the least.

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

Ticker

Volume

NOSO

%

ABCTRANS

          175,141

      1,657,700,000.00

0.01%

ROYALEX

         328,372

        3,608,657,661.00

0.01%

FTNCOCOA

        150,000

     2,200,000,000.00

0.01%

LASACO

         148,000

        7,323,433,421.00

0.002%

AFRINSURE

        100,000

   20,585,000,000.00

0.0005%

MULTIVERSE

        150,000

        4,261,938,686.00

0.004%

PRESTIGE

          111,359

        5,518,293,960.00

0.00%

Source: NSE, Proshare Research

 

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