FBN Quest, Cordros, others trade N130.03bn worth of shares in October
FBN Quest, Cordros, and Apel Asset led the chart of top-performing stockbroking firms in the Nigerian equities market (NGX) for the month of October 2021. This is according to information obtained from the Broker Performance Report released by the NGX.
According to the NGX report, the top 10 stockbroking firms in October traded about 10.24 billion units of shares with a value of N130.03 billion.
These figures accounted for 53.44per cent and 60.93 per cent of the total volume and value respectively of shares traded throughout the month under review.
This ranking is part of a monthly review of the performance of stockbrokers in Nigeria. Click here for the best performing firms in September 2021.
FBN Quest Securities Limited led the top stockbroking firms list by value with a total worth of N19.70 billion, representing 9.23 per cent of the total value for the period under review.
Cordros Securities Limited came second with monetary worth of shares traded during the period at N17.41 billion, signalling 8.16% of the total value recorded.
APEL Asset Limited was next on this list with a total of N16.79 billion worth of shares, accounting for 7.87% of the total value traded in October 2021.
APT Securities Limited came fourth on this list with a total value of N15.64 billion, representing 7.33 per cent of the total monetary worth reported for the period covered.
Cardinal Stone Securities Limited rounded up the top five with a monetary value of N12.67 billion of shares traded, accounting for 5.94 per cent of the total value traded during the period under review.
Other stockbroking firms on the list were Stanbic IBTC Stockbrokers Limited (N12.42 billion), EFG Hermes Nigeria Limited (N11.66 billion), Chapel Hill Denham Securities Limited (N8.44 billion), Meristem Stockbrokers Limited (N8.37 billion), and Rencap Securities Nigeria Limited (N6.89 billion).
The top ten stockbroking firms for the period under review accounted for 10.24 billion units of shares traded, and 53.44 per cent of the total volume of stocks traded.
APT Securities and Funds led the list of stockbroking firms in terms of the volume of shares as it recorded trades in 1.47 billion units of shares, accounting for 7.70 per cent of the total volume traded on the exchange for the month of October.
Cordros Securities Limited came second on the top performers’ list, having traded in 1.41 billion units of shares, representing 7.37 per cent of the total volume recorded for the reviewed period.
APEL Asset Limited came next with total shares traded in the reviewed month at 1.36 billion units, accounting for 7.11% of the total volume.
Cardinal Securities Limited came fourth on the top volume list as it recorded trades in 1.30 billion units of shares, which is 6.82 per cent of the total volume for the month.
FBN Quest Securities Limited rounded up the top five on the list, recording total volume of 1.26 billion units of shares traded which represented 6.61 per cent of the total volume for the period under review.
Others on the list were Meristem Stockbrokers Limited (1.02 billion units), Morgan Capital Securities Limited (928 million units), Chapel Hill Denham Securities Limited (508 million units), EFG Hermes Nigeria Limited (506 million units), and Readings Investment Limited (447 million units).
