Top ten stockbroking firms at the Nigerian Exchange Limited (NGX) traded equities worth N601.078billion in two months to February 2025.
Cardinalstone leads the pack
These stockbroking firms according to the latest broker performance report are: Cardinalstone Securities Limited, APT Securities and Funds, Stanbic IBTC Stockbrokers Limited, Meristem Stockbrokers Limited, and Coronation Securities Limited.
Others are: Cordros Securities Limited, Global Asset Management-Nigeria Limited, Apel Asset Limited, Morgan Capital Securities Limited, and FBN Quest Securities Limited.
Their deals represent 53.68% of total value of stocks exchanged
The value of stocks traded by these top ten stockbroking firm represents 53.68 percent of the total value of stocks exchanged on the NGX in the review two months period.
Details of the report show that Cardinalstone Securities Limited led the top-ten stockbrokers league after trading N154.821billion stocks or 13.83 percent of the total value of equities traded on the NGX in the review two months period.
It was followed by APT Securities and Funds which traded equities worth N87.295billion, representing 7.80 percent of the total value of stocks traded.
Also, Stanbic IBTC Stockbrokers Limited traded N77.381billion equities or 6.91 percent of the total traded same period.
The report shows that Meristem Stockbrokers Limited accounted for N65.222billion or 5.83 percent of the total value of stocks traded on the NGX in two months to February.
Coronation Securities Limited traded equities worth N46.752billion, representing 4.18 percent. Cordros Securities Limited accounted for N45.454billion or 4.06 percent of the total value of stocks traded on the NGX in two months.
Further check shows that Global Asset Management Nigeria Limited traded N41.124billion stocks, representing 3.67 percent of the total value of equities traded on the NGX in same period.
Apel Asset Limited traded N29.894billion stocks in two months, representing 2.67 percent of the total value traded in the same period.
Morgan Capital Securities Limited accounted for deals worth N27.537billion or 2.46 percent, while FBN Quest Securities Limited traded stocks valued at N25.594billion or 2.29 percent of the total traded in the same two-month period.
Behold the top firms by volume
Top 10 stockbroking firms traded 22.662billion shares in the same period, representing 46.86 percent of the total volume of shares traded in same period.
These firms and the volume of shares they traded are: Global Asset Management Nigeria Limited (4.090billion units or 8.46 percent); Cardinalstone Securities Limited (4.085billion units or 8.45 percent), and Meristem Stockbrokers Limited (2.828billion units or 5.85 percent).
Also, Morgan Capital Securities Limited traded 2.779billion shares or 5.75 percent of the total volume of stocks traded, Stanbic IBTC Stockbrokers Limited (1.914billion units or 3.96 percent), and APT Securities and Funds (1.794billion units or 3.71 percent).
Other top stockbroking firms by volume of shares they traded are: Coronation Securities Limited (1.688billion units, representing 3.49 percent of the total volume traded in two months), Securities & Capital Management Company Limited (1.317billion units or 2.72 percent), GTI Securities Limited (1.130billion units or 2.34 percent), and CSL Stockbrokers Limited (1.032billion units or 2.13 percent of the total volume trading in the review two months period).
