By Ngozi Onyeakusi—– LASACO Assurance Plc. Friday made the top traded list as it gained seven kobo appreciation at closing of market.
LASACO, which opened market for the day with N1.23 kobo close on a positive trend recording N1.30 kobo, representing 5.69 per cent.
However, Lasaco Assurance last week topped losers chart, in a percentage term, declining by 26.79 per cent or N0.81 to N1.23 kobo.
SUPERNEWS reports that Nigerian Stock Exchange (NSE) within the period of last week lifted its suspension placed on LASACO Assurance Plc following the firm’s share reconstruction completion .

In a circular, the NSE stated that “the full suspension placed on trading in the company’s shares was lifted on Monday, 22 February 2021 following the completion of the share capital reconstruction”. According to the Exchange, consequent to the completion of the reconstruction, LASACO’s entire issued share capital of 7.334 billion ordinary shares of 50 Kobo each at 42 kobo per share prior to the share capital reconstruction was delisted from the NSE’s Daily Official List, while the 1.834 billion ordinary shares of 50 Kobo each at N1.68 per share arising from the share capital reconstruction were listed on the Exchange’s Daily Official List on the same day. “With the completion of the company’s share capital reconstruction, the total issued and fully paid up shares of LASACO Assurance Plc has now reduced from 7,334,343,421 to 1,833,585,855 ordinary shares of 50 kobo each,” NSE stated. LASACO Assurance cancelled 5.5 billion ordinary shares of 50 kobo each, 75 per cent of its pre-reconstruction