{"id":8343,"date":"2021-08-31T15:19:15","date_gmt":"2021-08-31T14:19:15","guid":{"rendered":"https:\/\/unitedcapitalplcgroup.com\/?p=8343"},"modified":"2021-08-31T15:19:15","modified_gmt":"2021-08-31T14:19:15","slug":"ngx-reclassifies-united-capital-plc-from-low-price-stock-group-to-medium-price-stock-group-2","status":"publish","type":"post","link":"https:\/\/unitedcapitalplcgroup.com\/launch\/2021\/08\/31\/ngx-reclassifies-united-capital-plc-from-low-price-stock-group-to-medium-price-stock-group-2\/","title":{"rendered":"NGX Reclassifies United Capital Plc from Low Price Stock Group to Medium Price Stock Group"},"content":{"rendered":"<p style=\"text-align: justify;\">NGX notified of the reclassification of United Capital Plc from the Low-Priced Stock Group to the Medium-Priced Stock Group, in line with The NGX\u2019s Pricing Methodology framework.<\/p>\n<p style=\"text-align: justify;\">Equity securities of Quoted Companies on The Exchange (NGX) are classified into three Stock Price Groups or Categories \u2013 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\u2019s specified price band to be classified into the category.<\/p>\n<p style=\"text-align: justify;\">Accordingly, a review of United Capital Plc stock price and trade activities over the most recent six-month period provides the basis for reclassifying the security 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 \u2013 in line with Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Trading License Holders\u2019 Rules).<\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"tx-excerpt\">NGX notified of the reclassification of United Capital Plc from the Low-Priced Stock Group to the Medium-Priced Stock Group, in line with The NGX\u2019s Pricing Methodology framework. Equity securities of Quoted Companies on","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-8343","post","type-post","status-publish","format-standard","hentry","category-feature-articles","category-news"],"_links":{"self":[{"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/posts\/8343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/comments?post=8343"}],"version-history":[{"count":0,"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/posts\/8343\/revisions"}],"wp:attachment":[{"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/media?parent=8343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/categories?post=8343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitedcapitalplcgroup.com\/launch\/wp-json\/wp\/v2\/tags?post=8343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}