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NSE: Top 10 stockbrokers handled N104.115bn transactions in August

By on September 21, 2015

The Nigerian Stock Exchange has disclosed that the activities of top 10 stock broking firms were responsible for 71.32 per cent of the total value of transactions recorded on the exchange for the month of August. The total value put at N104, 115,644,703.78 represented the transactions between August 3 and August 31.

The figure, which was contained in the Exchange’s Brokers Report for the month of August, showed that Rencap Securities Limited came first with transactions worth N18, 405billion, representing a 12.61per cent of the total transactions for the period under review.

Stanbic IBTC Stockbrokers Limited that recorded transactions worth N17, 620,743,733.71 was adjudged the second top performers, with the value of its activities representing a 12.07 per cent of the total value of the transactions for the period.

Stanbic IBTC Stockbrokers was followed closely by EFCP Limited which recorded transactions worth N16, 688,024,722.94, representing 11.43 per cent of the total value of transactions in August.

The NSE report showed that CSL Stockbrokers Limited, FBN Securities and African Alliance Stockbrokers Limited followed in that order with transactions put at N12,946,737,875.76, N10,334,150,260.62 and N7,718,362,518.66 respectively.

However, in terms of the volume of shares sold, Apel Asset Limited came top with 5,139,974,825 shares sold, representing a 24.24 per cent of the total volume of shares sold during the period. Apel Asset Limited is followed in distant second by Rencap Securities in terms of the volume of shares as it handled 2,824,327,365 deals, a 13.32 per cent of the total transactions for the period. However, Stanbic IBTC Stockbrokers Limited pulled 1,205,127,634 transactions to emerge third in that category for the month of August.

Meanwhile, Monthly FPI transactions at the nation’s bourse decreased to N81.13 billion (about $0.41 billion) in August 2015 from N107.47 billion (about $0.55 billion) at the end of July 2015; representing a decrease of 24.51 percent.

Meanwhile, data obtained from the Nigerian Stock Exchange showed that 10 stock-broking firms accounted for N1.791 trillion worth of equities traded on the Nigerian stock market in 2014.

The trading statistics by stockbroking houses between January 2 and December 31, 2014 showed that 10 stockbroking firms accounted for 120.366 billion shares worth N1.791 billion.

In terms of value, the stockbroking firms accounted for 66.5 per cent and 55.48 per cent in volume terms.

A breakdown of the performance in value terms shows that Stanbic IBTC Stockbroking Limited led with N472.415 billion or 17.5 per cent.

CSL Stockbrokers Limited followed with transactions worth N262.988 billion or 9.7 per cent, while Rencap Securities Limited, traded equities worth N246.98 billion or 9.2 per cent.

Chapel Hill Denham Management Limited accounted for N223.849 billion or 8.3 per cent, while Meristem Securities Limited traded shares valued N156.210 billion or 5.8 per cent. FBN Capital Limited recorded N123.160 billion or 4.5 per cent.

Cordros Capital Limited accounted for N109.101 billion or 4.1 per cent, just Cardinal Stone Securities Limited recorded N73.754 billion or 2.7 per cent. The other two firms among the top 10 included BGL Securities Limited, N65.791 billion or 2.4 per cent and Africa Alliance Stockbrokers Limited, N56.516 billion or 2.1 per cent.

In volume terms, Stanbic IBTC Stockbrokers maintained the lead, recording 24.781 billion shares which represented 11.42 per cent. FBN Capital traded 17.786 billion shares or 8.2 per cent, while CSL Stockbrokers traded 15.339 billion shares or 7.1 per cent.

Chapel Hill Denham Management accounted for 14.849 billion shares or 6.8 per cent just as Rencap Securities Limited traded 12.252 billion shares or 5.5 per cent. BGL Securities Limited and Cardinal Stone Securities Limited recorded 12.075 billion shares or 5.5 per cent and 8.465 billion shares or 3.9 per cent respectively.

Cordros Capital, which occupied the seventh position in terms of value, was placed eight in volume terms.

The firm accounted for 6.539 billion shares, 3.01 per cent of the equities traded.

Readings Investment traded 4.493 billion shares or 2.1 per cent, while Meristem Securities Limited accounted for 3.783 billion shares or 1.7 per cent.

 

[ThisDay]