Guaranty Trust Bank Plc and Access Bank Plc have appealed to the Nigerian Stock Exchange to extend the deadline for the submission of their financial results for the first half of 2016.
The banks made this position known in separate letters to the Exchange.
The GTB said members of its board of directors were scheduled to meet on July 27, 2016 to consider the audited financial statement.
It said it would be submitting the result not later than September 30, 2016.
The bank promised to notify the Exchange of the decision taken after the Central Bank of Nigeria’s approval is received on the matter.
Access Bank also gave a similar reason and appealed to the Exchange to extend the submission date for its results until the meeting of its directors on the matter later in the month.
The bank said it would submit its results not later than August 31, 2016.
Its board of directors is expected to meet on July 28, 2016 to approve the bank’s half-year audited financial statements after which it would be submitted to the CBN for approval.
Meanwhile, the NSE recorded a loss of N25bn in market capitalisation at the close of trading on the Exchange’s floor on Monday.
The market capitalisation closed at N9.868tn from N9.893tn; the NSE All-Share Index also plunged to 28,733.90 basis points from 28,805.45 basis points.
A total of 315.577 million shares valued at N1.724bn were traded in 3,976 deals.
The market recorded 29 losers and 10 gainers.
Law Union and Rock Insurance Plc, Lafarge Africa Plc, Arbico Plc, Unity Bank Plc and Vitafoam Nigeria Plc led the losers’ table.
Law Union and Rock Insurance shares depreciated by N0.05 (8.33 per cent) to close at N0.55 from N0.60, while those of Lafarge Africa closed at N63.22 from N66.60, losing N3.38 (5.08 per cent).
Arbico share price also dropped by N0.25 (4.96 per cent) to close at N4.79 from N5.04, while that of Unity Bank lost N0.05 (4.90 per cent) to close at N0.97 from N1.02.
Other losers were Livestock Feeds Plc, Ikeja Hotel Plc, Oando Plc, Tiger Branded Consumer Goods Plc, Honeywell Flour Mill Plc, Sterling Bank PLc, Wema Bank Plc, AIICO Insurance Plc, United Capital Plc, Axa Mansard Insurance Plc, Fidson Healthcare Plc, Cadbury Nigeria Plc, Ecobank Transnational Incorporated Plc, FCMB Group Plc, FBN Holdings Plc, among others.
