Lagos — FOREIGN Investors yesterday visited the Nigerian Stock Exchange (NSE) to express their renewed interest in the Nigerian market.

The investors, numbering 11, came from United Kingdom, (UK) United States, of America (USA) South Africa, among other countries, and were led to the trading floor of the NSE by its Director-General, Prof. Ndi Okereke Onyiuke.

In her address to the joint body of the dealing members of NSE and capital market correspondents, Prof. Ndi Okereke-Onyiuke said the review of the price movement rules of the Exchange, would attract more foreign investors.

According to her, the changes in price movement rules had reduced the 100,000 units of shares required to effect price change to 50,000.

Based on the new rule, it will require only 50m000 unites of shares to move the share price of any equity.

Also the five per cent to one per cent ratio of rise and fall in share prices, which stipulates that while share prices will rise by five per cent, was reversed to the former ratio of five per cent on both sides.

She also said the new price movement rule has made it mandatory that while prices rise by five per cent the same will also fall by the same percentage.

She state that the former price movement ratio of five and one per cent, was a corrective measure put in place to stabilize the market," adding that the foreign investors came to observer market proceeding.

"They are already in the market and have come to observe proceedings," she added.

She assured that the market would soon bounce back even as she called on the stock brokers/market makers to always guard against anything that will have negative impact on the market.