[XNSA]>> RECLASSIFICATION FROM LOW PRICE STOCK GROUP TO MEDIUM PRICE STOCK GROUP | InfoWARE Finance
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[XNSA]>> RECLASSIFICATION FROM LOW PRICE STOCK GROUP TO MEDIUM PRICE STOCK GROUP
(Source: NSE, Date: 08-Dec-2025)
RECLASSIFICATION FROM LOW PRICE STOCK GROUP TO MEDIUM PRICE STOCK GROUP Trading License Holders are hereby notified of the reclassification of the following Securities from the Low -Priced Stock Group to the Medium - Priced Stock Group, in line with NGX?s Pricing Methodology framework. 1. UPDC PLC 2. THE INITIATES PLC 3. LEARN AFRICA PLC 4. C & I LEASING PLC 5. SCOA NIG PLC 6. ELLAH LAKES PLC Equity securities of Quoted Companies on The Exchange (NGX) are classified into three Stock Price Groups or Categories ? High-Priced, Medium Priced, and Low-Priced Stocks, based on their market price. In this regard, securities must have traded for at least four out of the most recent six-month period within a Stock Price Group?s specified price band to be classified into the category. Accordingly, a review of stocks price and trade activities over the most recent six-month period provides the basis for reclassifying the securities from the Low-Priced Stock Group to the Medium-Priced Stock Group. This reclassification also necessitates the attendant change in the tick size change from N0.01 kobo to N0.05 kobo - in line with Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Trading License Holders? Rules).
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