10 stockbroking firms trade N112.84bn shares in January
By Kayode Tokede
The top 10 stockbroking firms traded stocks worth N112.8 billion, accounting for 48.37 per cent of the total value of shares traded in the month. This is according to the Broker Performance Report for the month ended January 31st, 2021.
The value of shares traded by the top firms in January 2021, represents an 18.3per cent decline when compared to N138.1 billion recorded in the corresponding period of 2020.
Stanbic IBTC Stockbrokers limited stands top on the list having traded on stocks valued at N21.66 billion and accounting for 9.28 per cent of the total recorded trades. It however represents a decline of 39.4 per cent when compared to N35.76 billion recorded in January 2020.
Cardinalstone Securities Limited followed with trades on stocks worth N14.89 billion representing 6.39 per cent of the total trades.
Absa Securities Nigeria Limited traded in stocks worth N14.6 billion, accounting for 6.26 per cent of the total value.
Rencap Securities Nigeria Limited made transactions worth N13.5 billion (5.79 per cent) to rank fourth on the list. EFG Hermes Nigeria Limited transacted in stocks valued at N11.74 billion.
Others on the list include; Inter State Securities (N8.58 billion), Cordros Securities (N7.21 billion), Apel Asset (N7.17 billion), APT Securities (N7.11 billion), and Morgan Capital with N6.36 billion.
Stockbrokers by volume of shares, showed that Stanbic IBTC also topped the list with 2.58 billion units of shares, representing 9.41 per cent of the total volume of shares traded in the month of January.
GTI Securities came second with 2.29 billion units of shares representing 8.35 per cent. Morgan Capital Securities followed with 2.24 billion units of shares which accounted for 8.18 per cent of the total.
Inter State Securities ranked fourth with transactions in 1.52 billion units of shares. 5.56 per cent of the total unit of shares traded in the month. Atlass Portfolios Limited pulled transactions in 1.52 billion units of shares to rank fifth.
Others include; Meristem Stockbrokers (1.43 billion), Cardinalstone Securities (1.37 billion), APT Securities (523.1 million), CSL Stockbrokers (436 million), and FBN Quest with trades in 408.3 million units of shares.
