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NSE Lifts Goldlink Insurance’s Trading Suspension


NSE Lifts Goldlink Insurance’s Trading Suspension


The Nigerian Stock Exchange (NSE) lifted the trading suspension placed on the stocks of Goldlink Insurance Plc for not submitting the company debts according to the post-list requirements of the alternate.

According to the NSE, “according to Rule three.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange, which offers that if a provider fails to report the relevant debts by using the expiration of the treatment length, the alternate will: ship to the company a second submitting deficiency notification inside two business days after the end of the cure period; droop buying and selling in the provider’s securities and notify the Securities and Exchange Commission (SEC) and the marketplace inside 24 hours of the suspension, buying and selling within the shares of the groups six organizations were suspended powerful these days, October 8.”

Trading Suspension

The alternate had defined that following the policies set forth above, the suspension of any company will handiest be lifted upon submitting the relevant bills and provided the change is glad that the debts observe all applicable rules of the exchange.

In a notification to market operators the day before today, the NSE said Goldlink Insurance Plc had filed its high-quality audited and intervening time monetary statements to the exchange.

“Given the submission of the business enterprise’s debts under Rule Three. Three Default Filing Rules present that the suspension of buying and selling within the company’s securities will be lifted upon submission of the applicable accounts provided the alternate is happy that the debts observe all relevant trade policies. The trade shall, after that, also announce through the medium using which the general public and the SEC turned into to start with notification of the suspension; the majority is at this moment notified that the suspension located in the trading of the company’s shares became lifted on February 18, 2019,” the NSE stated.

Meanwhile, 37 stocks depreciated in the inventory market as traders dumped shares. The NSE Share Index fell by 1. Sixty-one in keeping with a cent to close at 32, one hundred ninety.07, even as marketplace capitalization shed N196 billion to close at N12.004 trillion.

Transcorp Plc led the rate losers with 9.9, consistent with cent trailed by C & I Leasing Plc with nine. Eight in line with a cent. Livestock Feeds Plc and Wema Bank Plc went down with the aid of 9.7 step cents apiece.

Presco Plc led the rate gainers on the beautiful side with ten, consistent with a cent, trailed via Beta Glass Plc with 9.2, consistent with a cent. CAP Plc and A.G Leventis Nigeria Plc brought 6.9 in step with a cent apiece.

Eula Boone

I have written professionally since 2010 and have been an investor since 2015. My finance blog, economydiva.com, is one of the most visited blogs in the world, with more than 3 million readers a month. I love sharing what I know about investing, saving, and managing money and providing practical tips on how to be a smart and savvy money manager.