NSE upgrades Ecobank, NNFM, International Breweries to medium stocks

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 69%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The Nigerian Stock Exchange (NSE) has upgraded and reclassified the trio of Ecobank Transnational Incorporated (ETI) Plc, Northern Nigeria

ADVERTISEMENT

According to the Exchange, the upgrade and reclassification, which took effect from Monday March 8, 2021, was based on the review of the share prices of the stocks in recent months. With the reclassification, there would be change in the tick size change from one kobo to five kobo, in line with Rule 15.29: Pricing Methodology, Rulebook of the Exchange, 2015.“International Breweries Plc, Ecobank Transnational Incorporated and Northern Nigeria Flourmills Plc stock price appreciated above the N5 price level on October 16, 2020, October 27, 2020 and October 30, 2020 respectively and traded above N5 up till close of business on February 18, 2021, and March 1, 2021 respectively.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines