Stanbic, CSL, Rencap, others top league of February stock deals

by Iheanyi Nwachukwu

March 16, 2017 | 12:39 am
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Stanbic IBTC Stockbrokers Limited led the basket of top stockbroking firms in the month of February as the firm occupied topmost positions in volume and value of transactions it accounted for.

The Nigerian Stock Exchange (NSE) broker performance report in the review month shows that Stanbic IBTC Stockbrokers Limited accounted for N19.372billion or 26.27 percent of total value of equities traded in the February.

Also, in terms of volume of stocks traded in February, Stanbic IBTC Stockbrokers Limited led other firms accounting for 943,631,646 units or 11.37 percent of the total volume of stocks traded.

Ten stockbroking firms accounted for N49.872billion or 67.62 percent of the total value of stocks traded in February; while same number accounted for 5,064,241,473 units of shares traded in same month or 61.04 percent of the total stocks traded at the Nigerian bourse in the review month.

Further check on the NSE data revealed CSL Stockbrokers Limited came second on the lists after accounting for stocks trading worth N7.388billion (10.02percent of total value of stock traded in February); while Rencap Securities (Nig) Limited followed with N5.549billion or 7.52 percent.

Equity transactions through A.R.M Securities Limited were valued at N3.903billion (5.29 percent); followed by EFCP Limited which traded equities worth N2.771billion (3.76percent). 

In addition, APEL Asset Limited made the top stockbroking league after accounting for N2.632billion worth of transactions or 3.57 percent; while equity trading by FBN Securities Limited in the month under review was valued at N2.428billion or 3.29 percent.

Cordros Securities Limited accounted for N2.111billion or 2.86 percent worth of stocks; Cardinalstone Securities Limited (N1.961billion or 2.66 percent); while Readings Investments Limited made the top ten list with stock trading deals worth N1.754billion or 2.38 percent.

In terms of volume of transactions, Imperial Asset Managers Limited came second after trading 856,450,822 units (10.32 percent of the total value of stocks traded in the February); Cordros Securities Limited followed after trading 842,933,053 units or 10.16 percent; while A.R.M Securities Limited accounted for 641,385,232 units or 7.73 percent.

CSL Stockbrokers Limited also made the top ten league by volume of stocks traded after accounting for 465,663,079 united or 5.61 percent; Rencap Securities (Nig) Limited traded 418,022,700 units which represents 5.04 percent; and Cardinalstone Securities Limited accounted for 307,068,450 units or 3.70 percent.

Also, Meristem Stockbrokers Limited (249,859,434 units or 3.01 percent); FBN Securities Limited (174,792,856 units or 2.11percent); while Readings Investments Limited  accounted for 164,434,201 units or 1.98 percent of the total volume of stocks traded in February on the Nigerian bourse.

Iheanyi Nwachukwu

by Iheanyi Nwachukwu

March 16, 2017 | 12:39 am
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