Don't Miss


Home   >   Nigerian Stock Exchange   >   Stanbic, Rencap, Cordros lead on Nigerian Bourse

Stanbic, Rencap, Cordros lead on Nigerian Bourse

By on April 10, 2014

Stanbic IBTC Stockbrokers Limited led the top 10 stockbroking on the Nigerian bourse for the first quarter ended March 31, 2014.  While the top 10 broking firms accounted for 61.2 per cent of the value of transactions in Q1, Stanbic IBTC dominated with 16 per cent or N87.371 billion.

Rencap Securities Nigeria Limited followed with N77.789 billion or 14 per cent. CSL Stockbrokers Limited occupied the third place with N43.121 billion which is 7.9 per cent. Cordros Capital Limited accounted for 5.7 per cent or N30.959 billion.

FBN Securities Limited recorded N23.774 billion or 4.38 per cent, while Vetiva Capital Management Limited accounted for N16.111 billion or 2.9 per cent. Primera Africa Securities Limited  recorded N15.373 billion or 2.8 per cent. Chapel Hill Denham Management Limited accounted N13.964 billion or 2.5 per cent, just as BGL Securities Limited traded securities worth N12.84 billion or 2.3 per cent.

African Alliance Stockbrokers Limited accounted for 2.1 per cent or N11.274 billion.
In volume terms, FBN Securities Limited led with 10.623 billion shares which is 23 per cent of the total transactions in Q1. Stanbic IBTC followed with 5.584 billion or 12.2 per cent, while CSL Stockbrokers had 3.855 billion shares or 8.4 per cent.

Rencap Securities Nigeria Limited recorded 3.665 billion shares or 8.0 per cent. BGL  Securities and Cardinalstone Securities Limited  2.447 billion shares or 3.2 per cent and 1.466 billion or 3.2 per cent respectively.

Cordros Capital Limited traded 1.19 billion shares  or 2.3 per cent while Independent Securities Limited accounted for 1.08 billion shares or 2.36 per cent. APT Securities and Funds Limited and Partnership Securities Limited recorded  1.06 billion shares or 2.32 per cent and 981 million shares or 2.14 per cent in in that order.

Statistics collated by THISDAY had shown that the Nigerian equities market attracted N281.602 billion invested in 29.297 billion shares traded in 326,334 in Q1 of 2014.

The statistics showed that investors made the highest investment of N99.35 billion staked on  12.291 billion shares in 104, 578 deals in February.  January accounted for N98.749 billion spent on 9.215 billion shares in 128,798 deals, while March recorded N83.602 billion committed in 7.791 billion shares in 92,958 deals.

A further analysis of the trading figures showed that the highest value of  the weekly investment was recorded in the last week of March as investors traded invested N26.811 billion in 1.870 billion in 21,632 deals.

 

[This Day]