Culled—Proshare
January 30, 2018/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
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 | |||
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 | |||
