Business
Financial services sector dominates 2016 penny stocks
Stocks from the financial services sector dominated the list of penny stocks at the Nigerian Stock Exchange (NSE) in 2016.
Penny stocks are considered as stock trading below N5. They are usually the toast of investors as they are one of the means through investors can make much profits in stock trading most especially when a new promoter decides to buy such stocks and they begin to rally.
Currently, there are one hundred and twenty-seven (127) of such stocks on NSE as at 19th December, 2016, Invest Advocate reports.
The financial services sector led with forty-eight stocks, while services sector had twenty-three stocks. Healthcare and Consumer Goods has ten and nine stocks respectively. Agriculture, Construction/Real Estate and Natural Resources sectors have three (3) each.
Out of the 127 stocks that made the list, seventeen (17) currently records positive YTD returns while fifty-four (54) records negative YTD returns.
DANGFLOUR tops the list of the positives with +252.21% YTD gain while SKYEBANK tops the list of the negatives with -68.35% loss.
-
Crime7 days agoServing police officers arrested with firearms amid escalating Cross River communal crisis
-
Latest6 days agoHigh Court opens hearing on Goodluck Jonathan’s 2027 presidential eligibility
-
Latest5 days agoNigerian Senate reverses standing orders amendment over constitutional concerns
-
Latest2 days agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
Crime15 hours agoBritish-Nigerian prisoner escapes after mistaken release from custody
-
Business8 hours agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Business8 hours agoNigeria’s 2026 debt servicing hits $11.6bn as Tinubu decries global financial inequity
-
Crime8 hours agoNDLEA seizes N10.4bn Canadian ‘loud’ shipment at Lagos Port, vows crackdown on syndicates