In the eleven months leading up to November 30, just 10 stockbroking companies, headed by Cardinalstone Securities Limited, Stanbic IBTC Stockbrokers Limited, and APT Securities & Funds, respectively, transacted almost N1.785 trillion worth of Nigerian stocks.
After trading stocks worth N415.083 billion, or 12.77 percent of the total value of shares traded within the same period, Cardinalstone Securities Limited emerged as the league’s top player.
APT Securities and Funds exchanged equities worth N235.119 billion, or 7.24 percent, of the total value traded on the NGX in eleven months, whilst Stanbic IBTC Stockbrokers Limited accounted for N259.003 billion, or 7.97 percent.Other stockbroking firms that made the top ten league are Meristem Stockbrokers Limited, Hermes Nigeria Limited, United Capital Securities Limited, FBN Quest Securities Limited, Cordros Securities Limited, Apel Asset Limited, and Morgan Capital Securities Limited.
Read Also: 398 million ordinary shares of McNichols Consolidated Plc listed on NGX.
The record value of transactions by these stockbroking firms represents 54.95 percent of the value of stocks traded on the Nigerian Exchange Limited (NGX) in the review eleven months to November.
Further look at the broker performance report shows Meristem Stockbrokers Limited accounted for equities transaction worth N160.018billion or 4.92percent of the total transactions on the Exchange in eleven months.
EFG Hermes Nigeria Limited (N152.557billion or 4.70percent), United Capital Securities Limited (N151.583billion or 4.67percent), FBN Quest Securities Limited (N129.143billion or 3.97percent), and Cordros Securities Limited (N117.985billion or 3.63percent).
Apel Asset Limited traded stocks worth valued at N86.287billion in same period, representing 2.66percent of the total value of equities traded on the Exchange during same period, while Morgan Capital Securities Limited recorded N78.546billion worth of equities trade, representing 2.42percent.
Read Also: NESTLE, SEPLAT Lead Gainers Chart As NGX Recovers By 0.37%
The report on volume of stocks traded shows the top 10 stockbrokers that accounted for 131.349billion units or 51.33percent of the total number of stocks traded on the NGX same eleven months period. United Capital Securities Limited led the league after trading 30.291billion units or 11.84percent.
Others are: Cardinalstone Securities Limited (23.789billion units or 9.30percent), Apel Asset Limited (17.986billion units or 7.03 percent), Morgan Capital Securities Limited (14.381billion units or 5.62 percent), APT Securities and Funds (12.234billion units or 4.78percent), and Meristem Stockbrokers Limited (8.742billion units or 3.42percent).
The report on top brokers by volume of stocks they traded in eleven months also include Stanbic IBTC Stockbrokers Limited (7.485billion units or 2.93percent), EFG Hermes Nig Limited (5.693billion units or 2.23percent), Regency Assets Management Limited (5.658billion units or 2.21percent), and PAC Securities Limited which traded 5.085billion units representing 1.99percent of the total stocks traded on the NGX in same eleven months period.
