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Penny Stocks
A total of 89 (eighty-nine) stocks are currently classified as penny stocks as of 30th December 2022 as against 99 in 2021, 103 in 2020 and 113 in 2019. These are stocks trading below the share price of N5.00.
The Financial Services Sector recorded the highest number of penny stocks with 35 stocks making the list, followed closely by the Services sector with 20 stocks and the ICT sector with 7 stocks. Consumer Goods (6), Healthcare and Conglomerates (4 each), Industrial Goods, Agriculture and Construction/Real Estate (3 each), Oil and Gas and Natural Resources sectors with two (2) stocks contributed to the penny stock basket to complete the list.
Out of the 89 stocks that made the list, twenty-five (25) recorded positive returns while thirty-seven (37) records negative returns as twenty-seven (27) are unchanged as of the end of the Year 2022 (see table 23 below).
Table 23: Penny Stocks by Sector
Table 24: Penny Stocks