United Capital, Stanbic, CSL top stockbrokers performance report by volume in 2017

by | January 11, 2018 12:25 am

United Capital Securities Limited, Stanbic IBTC Stockbrokers Limited, and CSL Stockbrokers Limited respectively led the basket of top 10 stockbroking firms that accounted for 107.042billion units or 53.24percent of total stocks traded on the Nigerian Stock Exchange (NSE) in 2017.

Broker performance report from January 2, 2017 to December 29, 2017 show United Capital Securities Limited led by trading 30.392 billion shares which is 15.12 percent of the total transactions in 2017; Stanbic IBTC followed with 15.375 billion or 7.65 percent, while CSL Stockbrokers accounted for 12.87 billion shares or 6.4 percent.

INVESTOR check on the report shows Rencap Securities Nigeria Limited traded 9.695 billion shares or 4.82 percent; Cordros Securities Limited (7.320billion or 3.64percent); Capital Assets Limited (7.246billion or 3.60percent);  and Meristem Stockbrokers Limited which accounted for 6.978billion or 3.47percent of the total volume of stocks traded on the NSE in 2017.

ARM Securities Limited traded 5.805 billion shares or 2.89 percent while Cardinalstone Securities Limited accounted for 5.695 billion shares or 2.83 percent. Also, FBNQuest Securities Limited accounted for 5.662billion shares or 2.82 percent.

In value terms, Stanbic IBTC Stockbrokers Limited led another basket of top 10 stockbrokers on the Nigerian Stock Exchange for the year ended December 29, 2017 which accounted for 75.23 percent of the total value of transactions between January 02, 2017 and December 29, 2017. Stanbic IBTC led the pack after trading stocks worth N403.491billion or 15.85 percent. Also, Meristem Stockbrokers Limited followed in value terms with total trades valued at about N338.61billion, accounting for 13.3percent.

CSL Stockbrokers Limited accounted for stocks trading valued  at N312.789 billion in 2017 which represents 12.29 percent; Rencap Securities (Nig) Limited followed suite with N234.642billion or 9.22percent; while Cordros Securities Limited accounted for 8.58 percent or N218.409 billion.

FBNQuest Securities Limited accounted for N89.159billion worth of stocks traded in 2017 which represents 3.50 percent, while ARM Securities Limited followed after trading stocks worth N84.67 billion in 2017 which represents 3.33 percent of the stocks traded in 2017 on the Nigerian bourse. In addition, EFCP Limited traded N84.39 billion worth stocks or 3.32 percent of the total value traded in 2017; while United Capital Securities Limited accounted for N81.96 billion or 3.22 percent while Chapel Hill Denham Management Limited accounted N66.88 billion or 2.63 percent.

Iheanyi Nwachukwu