Dangote Cement, Oando Join Market Making Stocks

The Nigerian Stock Exchange (NSE) has announced the addition of Dangote Cement Plc, Oando Plc and Transnational Corporation of Nigeria Plc to the list of stocks in the market making programme. The new additions bring the number of stocks that have been rolled out by the initiative to thirty-nine.

The inclusion of the three stocks from Industrial Goods, Oil and Gas and Conglomerates sectors becomes effective on Thursday, January 17, 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.

There are  10 Market Markers on the floor of the Nigerian Stock Exchange at the moment trading the 39 Market Making Stocks.