Stocks from the Financial Services Sector Dominate the List of Penny Stocks in 2016


Tuesday, December 20, 2016 4:50 PM /Proshare Markets

Penny stocks usually remain on active investors’ radar 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.

For the purpose of this write up, penny stocks are considered as stock trading below N5. Currently, there are one hundred and twenty-seven (127) of such stocks on NSE as at 19th December, 2016.

Stocks from the financial services sector dominated the list with forty-eight (48) stocks. Services sector has twenty-three (23) stocks while Healthcare and Consumer Goods has ten (10) and nine (9) 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.

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