Stock Exchange Increases Market Makers By Four

(L-R: Bolaji Balogun, CEO of Chapel Hill Limited; Adeolu Bajomo, NSE’s ED of Market Operations Technology; and Jingdong Hua, Vice President of International Finance Corporation (IFC) at the Bell Ringing Ceremony in commemoration of  IFC Bond Issuance at the Exchange recently.)

The Nigerian Stock Exchange has announced the addition of four new stocks to the market making programme. The new additions are:  Flour Mill Plc; Unilever Plc; Royal Exchange Plc and Wema Bank Plc. The new additions bring the number of stocks that have been rolled out by the initiative to 43.

The inclusion of the stocks from Consumer Goods and Financial Services sectors becomes effective today, Thursday, January 31, 2013.

The addition of the new stocks is in line with the planned phased approach for introducing stocks to the programme, from the baskets allocated to the Market Makers on The Exchange.

Below is the comprehensive list of the stocks that have been rolled into the programme:

Source: NSE