Stanley Opara
The Nigerian Stock Exchange has expressed concern over the non-listing of utilities companies and few listings in the oil/gas sector.
The Exchange said it needed listings from these segments to deepen its liquidity and further boost the fortunes of the capital market.
This position was expressed by the Exchange’s Chief Executive Officer, Oscar Onyeme, while commenting on the prospects of the market going forward, especially in the New Year.
Onyema said the non-listing of utilities firms like the telecommunications companies and the power companies (power generation and distribution companies) was a major concern to stakeholders in the market considering the current pressing need to deepen the market and boost its liquidity levels.
He said the number of oil/gas firms currently listed in the market were not sufficient considering the size of the sector and the role it played in the country’s economy.
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