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Stocks on Pause
Thirty-four or 24.29% of the 140 companies listed on the Nigerian Exchange recorded no price movement as of December 30, 2022, as against 21% in 2021, 23% in 2020, 20% in 2019, 17% in 2018, and 37% of such stocks recorded in 2017.
Further analysis revealed that out of the 34 stocks; stocks from the financial services sector dominated the list with fourteen (14) stocks, services follow closely with six (6) stocks, Consumer and Industrial Goods have four (4each), ICT and Construction/Real Estate have two (2) each while Healthcare and Conglomerates have one (1) each to complete the list (see table 25 below).
Table 25: Stocks on Pause by Sector
Table 26: Stocks on Pause