Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Thursday, September 05, 2019 /02:30PM /NSE / Header Image Credit: Oando Plc
The Nigerian Stock Exchange (The NSE
or The Exchange) is pleased to announce the reclassification of Oando Plc
from Medium Priced Stock to Low Priced Stock effective Thursday, September 5,
2019. This is in compliance to Rule 15.29: Pricing Methodology, Rulebook of The
Exchange, 2015 (Dealing Members' Rules).
Oando
dropped below the N5 mark on April 30, 2019, and traded below N5 up till close
of business on 30 August 2019.
Low Priced Stocks are securities that
have traded below N5 per share in four out of the last six months period. For
upward or downward movements in price to occur on any Low Priced Stock that is
priced at below N5 and listed on The NSE, stockbrokers are required to trade a
minimum volume of 100,000 units and tick size of N0.01kobo.
Visit Oando Plc IR
Page in Proshare MARKETS
Graph: One Year Share
Price Movement
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