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Reclassification Of Vitafoam Nigeria Plc To Medium Price Stock Group - Investment - Nairaland

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Reclassification Of Vitafoam Nigeria Plc To Medium Price Stock Group by Investogist: 10:59am On Sep 14, 2020
Vitafoam Nigeria Plc (NSE ticker – VITAFOAM) has been reclassified from Low Price Stock Group to Medium Price Stock Group in line with The Nigerian Stock Exchange’s (NSE) Pricing Methodology framework.

The reclassification which took effect from Monday 14 September is as a result of the stock trading above N5.00 in the last six months.

Vitafoam Nigeria Plc stock price appreciated above the N5 price level on 4 May 2020 and traded above N5.00 up till the closing of business on 7th September 2020.

Read full article at https://investogist.com/reclassification-of-vitafoam-nigeria-plc-to-medium-price-stock-group/
Re: Reclassification Of Vitafoam Nigeria Plc To Medium Price Stock Group by NairalandAngel(m): 12:49pm On Sep 14, 2020
Investogist:
Vitafoam Nigeria Plc (NSE ticker – VITAFOAM) has been reclassified from Low Price Stock Group to Medium Price Stock Group in line with The Nigerian Stock Exchange’s (NSE) Pricing Methodology framework.

The reclassification which took effect from Monday 14 September is as a result of the stock trading above N5.00 in the last six months.

Vitafoam Nigeria Plc stock price appreciated above the N5 price level on 4 May 2020 and traded above N5.00 up till the closing of business on 7th September 2020.

Read full article at https://investogist.com/reclassification-of-vitafoam-nigeria-plc-to-medium-price-stock-group/

So what happens if the price falls below N5?

Will they do another reclassification?

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Re: Reclassification Of Vitafoam Nigeria Plc To Medium Price Stock Group by Investogist: 7:29pm On Sep 14, 2020
NairalandAngel:


So what happens if the price falls below N5?

Will they do another reclassification?


If it falls and trades below N5 in at least four out of six months period, it will be reclassified to Low Price Stock Group.

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