AIICO Insurance Plc shall commence its closed period next week Monday. This is in compliance with the provisions of the Nigerian Exchange Rulebook 2015, rule 17.18(a).
According to a notice signed by the Company Secretary, Mr Donald Kanu, the Closed Period, Rulebook of the Exchange, 2015 (Issuers’ Rule) as amended, AIICO Insurance Plc shall commence a Closed Period from Monday, 28 March 2022 until twenty-four (24) hours after the release of the Company’s Unaudited Financial Statements for the period ending March 31, 2022” it says.
During the closed period, no director, person discharging managerial responsibilities, and advisers of the Company shall deal in the securities of the Company.
However, the Board of the Company will meet on April 21, 2022 to review and approve the draft Unaudited Financial Statements for the period ending March 31, 2022 (Q1, 2022).
Any decision reached as it affects the approval of the accounts will immediately be communicated to NGX.
On the trading floor, 267.480 million shares worth N3.216 billion were traded across 4,099 deals. This amounted to an increase of N4 billion in market capitalization to close at N25.419 trillion and an increase of 7.38 basis points in the All-share index to close at 47,163.94 points, a marginal growth of 0.02 per cent respectively.
In all, 33 stocks recorded price change with 16 appreciating while the remaining 17 reduced in price value. CAP Plc led the gainers table with an increase of 10 per cent to close at N19.80 followed by Learn Africa with price increase of 9.6 per cent to close at N2.17.
Others in the top five were Champion Breweries, Sterling Bank and Conoil with price appreciation of 9.09 per cent, 3.95 per cent and 2.92 per cent to close N2.04, N1.58 and N24.70 respectively.
On the decline table FG152028S1 led with a drop of 14.14 percent to close at N101.00 followed by an FCMB drop of 8.72 percent to close N3.35. Also on the table were Mutual Benefit, ABC Transport and Phama Deko with price drop of 7.41 per cent, 6.25 percent and 5.98 per cent to close at N0.25, N0.30 and N1.73 respectively.
