second-tier stock

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Second-Tier Stock

A stock investors favor less than others. This results in the price of a second-tier stock being lower, sometimes significantly so. This may occur for a number of reasons: for example, the stock may have lower market capitalization. Alternatively, it may simply trade on a less prestigious exchange. The specific stocks in a second-tier change as investors' expectations change. See also: Tiered market, Two-tier market.
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second-tier stock

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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Top volumes leaders included: UNITY, BOP, TRG, FFL and DOL reflecting investor's interest in second tier stocks. More importantly, banking sector scrips failed to attract investors' attention despite a 100bps interest rate hike by the central bank in its last monetary policy announcement.
Average traded value declined by 9pc to $55m as investors' interest was mainly concentrated in second tier stocks. Lotte Chemical with 100.1m shares, Nimr Resins 55.3m shares, Pak Elektron Ltd 36.5m shares, Fauji Foods Ltd 33.5m shares and Azgard Nine Ltd 31.3m shares were volume leaders for the week.
Trading value on Friday improved to Rs8.105bn, from Rs7.423bn the earlier day, though turnover in terms of shares decreased to 144 million, from 154m, signifying investors' interest mainly in the first and second tier stocks.
Our recommendations on second tier stocks are for experienced long-term investors with high risk tolerance.
Among the second tier stocks, water firm AW G surged 22pc, up 93p to 521.5p, as the City reacted to news that the group had rebuffed a 510p, or pounds 902m, takeover offer from German bank West LB.
Although there are now expected to be no changes in the Footsie's reshuffle - the second tier stocks are heading for a shake out.
Among the second tier stocks, troubled Marconi shot up 49pc, rising 8.2p to 25p.