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Stanbic IBTC, Rencap Securites, CSL Stockbrokers top brokers performance in 5 months

By on June 8, 2015

The Nigerian Stock Exchange (NSE) has named Stanbic IBTC Stockbrokers Limited, Rencap Securities and CSL Stockbrokers Limited as the three top companies on the brokers performance chart in terms of the value of their various transactions on the bourse in the first five months of the year.
The information, which was contained in the Brokers Performance report for the period covering January to May showed that 10 top broking firms accounted for N607 billion, representing 66.92 per cent of the total transactions for the period under review.
Top on the list of brokers’ performance in terms of value was Stanbic IBTC Stockbrokers. Its value of transactions between January and May was put at N130.353 billion,representing 14.38 per cent of the value of the total transactions for the five month period.
In terms of performance, Stanbic IBTC was trailed by Rencap Securites, with a total transaction of N108. 632 billion representing a 11.98 per cent of the total transactions for the period.
Next in terms of the value of transactions was CSL Stockbrokers, which pulled transactions worth N108.150 billion, representing 11.93 per cent of the total value of sale of equities for the period.
The  broker’s performance report also showed that top 10 stockbroking firms were responsible for the sale of 45.610 billion shares, which represents a 51.12 per cent of the total transactions on the exchange in the first five months of the year.
Top on the list was CSL Stockbrokers, which handled shares 9.484 billion,  representing 10.63 per cent of the total transactions. It was followed in ranking by Stanbic IBTC Stockbrokers with 7.812 billion  shares  or 8.75 per cent of the volume of the shares that changed hands within the period under review.
In the third position was Rencap Securities and the volume of its transactions within the review period was put at 7.743 billion shares.
The Nigerian equities market has maintained a mixed performance so far in the year, recording a Year-to-Date (YtD) return of 3.4 per cent as at Thursday. Further reflecting this almost parallel performance, the NSEASI has recorded gains on just 49 days in the 101 trading days of the year compared to 51 days in the same period of the prior year.
Top gainers so far in the year are NPFMCRFBK, Neimeth, Vono, Betaglas and Presco, as each stock has recorded price appreciations of 68.75 per cent, 53.85 per cent, 50.89 per cent, 43.88 per cent, and 43.67 per cent correspondingly. Analysts from Meristems Securities Limited expressed optimism regarding a possible rebound in the equities market as risk factors abate.  They, however, explained that this may be pressured by other risk factors in the Nigerian economy which remain prevalent (i.e. persistently pressured global crude oil prices).
Equity investors and financial market operators foresee key appointments in the federal executive council of President Muhammadu Buhari led government offering clarity on the policy direction of the Nigerian economy in the remaining quarters of the year.
Though the stock market opened this month on a negative note, not a few analysts are hopeful of possible rebound, driven by investors’ realisation that low priced stocks offer better entry point for value hunters.
This is in addition to the game changing positive atmosphere which the new government is expected to bring to the stock market.
According to market analysts at Access Bank plc, “We expect early activities by the new government to positively drive market performance.”

BRIEFS

Investment Opportunity
A study has put a monetary value to sustainable innovations as well as new opportunities in Africa, stating that the continent can deliver $350 billion per year in extra revenue and cost savings.
Global management consulting company, Accenture and a voluntary coalition of South African and multinational companies known as the National Business Initiative (NBI) last weekreleased the report  on the continent titled: “Reimagining Africa’s Future: A Blueprint for Sustainable Business in Africa” at the ongoing World Economic Forum (WEF) in Cape Town, South Africa.”
Accenture and the NBI together with African and global business leaders from across the continent partnered to develop this innovative new study with the aim of helping businesses operating in Africa to identify and deliver key innovation opportunities to build a more sustainable future.
The report, according to a statement was based on consultations with over 70 CEOs and world business leaders from Africa’s leading companies, and suggests that scaling innovations in four categories – new consumption opportunities, collaborative operating models, resource efficiency, and trust through transparency – can help drive development across the continent.

Mobile Market
Eighty per cent of sub-Saharan Africa’s 800 million people should have access to mobile telephones by the end of the decade, double the current rate, although government help is needed to reach far-flung areas, industry body group GSMA said last week.
The growth of mobile data – an even more powerful economic tool than simple voice services – also hinges on authorities allocating sufficient spectrum, the Africa Director of GSMA,Mortimer Hope, said.
“We expect data to keep growing dramatically, and to facilitate that you need more spectrum to handle that data growth,” he told Reuters on the sidelines of the World Economic Forum Africa in Cape Town.

Oil Spill
Eunisell Solutions has introduced a secondary tank containment system on its production facilities to further minimise cases oil spill and enhance environmental safety. The oil spill prevention technology was founded on the need to find more innovative ways to protect the environment especially where containment of environmentally hazardous fluids are stored within its production facilities.
Managing Director of Eunisell Solutions, Dickson Okotie explained that the secondary tank containment system is designed to withstand fluid pressures resulting from rapid fluid fill from a non-catastrophic failure of up to 15,000 barrel of oil.
“The design is such that the surface mounted containment system can safely contain the internal fluid pressure, should a spill occur and also withstand high wind speeds without loss of contained fluids. The tanks are perfect in today’s world for crude oil because they are designed with a proprietary blend of polyuria impregnated geotextiles and a state-of-the-art, high-performance elastomeric materials that provide tough, flexible, resilient products.
“At Eunisell, we continue to introduce innovative ways of getting things done more efficiently in the oil and gas industry while meeting the laid down standards by the National Environmental Standards and Regulations Enforcement Agency (NESREA). This is in continuation of our company’s 18 year record of a high level health, safety and environment protection policy” Okotie concluded.

 

[ThisDay]

One Comment

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