ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Business

Stanbic IBTC, 9 other stockbroking firms trade shares worth N112.84bn

3rd February 2021
in Business
0
Stanbic IBTC, 9 other stockbroking firms trade shares worth N112.84bn
0
SHARES
78
VIEWS
Share on FacebookShare on Twitter

By Chinwendu Obienyi

Stanbic IBTC Stockbrokers Limited, Cardinalstone Securities Limited and eight other stockbroking firms traded stocks worth N112.8 billion, accounting for 48.37 per cent of the total value of shares traded in the month of January 2021.
This is according to the Broker Performance Report obtained from the Nigerian Stock Exchange (NSE)’s website yesterday. The NSE enjoyed a bullish start in January 2021, as the All-Share Index (ASI) closed at 42,412.66 index points, 5.32 per cent increase compared to 40,270.72 points recorded as of 31st December 2020.
The value of shares traded by the top firms in January 2021 represents an 18.3 per cent decline when compared to N138.1 billion recorded in the corresponding period of 2020. Stanbic IBTC Stockbrokers Limited stands top on the list having traded on stocks valued at N21.66 billion and accounting for 9.28 per cent of the total recorded trades. It however represents a decline of 39.4 per cent when compared to N35.76 billion recorded in January 2020.
Cardinalstone Securities Limited followed with trades on stocks worth N14.89 billion representing 6.39 per cent of the total trades. Absa Securities Nigeria Limited traded in stocks worth N14.6 billion, accounting for 6.26 per cent of the total value.
Rencap Securities Nigeria Limited made transactions worth N13.5 billion (5.79 per cent) to rank fourth on the list while EFG Hermes Nigeria Limited transacted in stocks valued at N11.74 billion. Others on the list include; Inter State Securities (N8.58 billion), Cordros Securities (N7.21 billion), Apel Asset  (N7.17 billion), APT Securities (N7.11 billion), and Morgan Capital with N6.36 billion.
For stockbrokers by volume of shares, Stanbic IBTC topped the list with 2.58 billion units of shares, representing 9.41 per cent of the total volume of shares traded in the month of January. GTI Securities came second with 2.29 billion units of shares representing 8.35 per cent while Morgan Capital Securities followed with 2.24 billion units of shares which accounted for 8.18 per cent of the total. Inter State Securities ranked fourth with transactions in 1.52 billion units of shares. 5.56% of the total unit of shares traded in the month while Atlass Portfolios Limited pulled transactions in 1.52 billion units of shares to rank fifth.

 

Others include; Meristem Stockbrokers (1.43 billion), Cardinalstone Securities (1.37 billion), APT Securities (523.1 million), CSL Stockbrokers (436 million), and FBN Quest with trades in 408.3 million units of shares.
Meanwhile, the market continued to drive towards bearish sentiments as price depreciation in the shares of Ardova, Wapco and Zenith Bank drove the ASI down by 0.74 per cent to close at 42,043.79 points on Tuesday.

Cyril

Cyril

Related Posts

Youth Corper wins car in Access Bank Transact and Win promo
Business

Youth Corper wins car in Access Bank Transact and Win promo

26th February 2021
Stop buying, selling under high tension cable, IBEDC warns
Business

Nigeria to disconnect Niger, Benin over N2.60bn electricity debt

26th February 2021
Nigeria generated $500m from cashew production in 2018 –Minister
Business

Ogun revives dormant imasayi cashew processing plant 

26th February 2021
Next Post
Kajuru killings: El-rufai charges commission of inquiry to identify individuals, remote, immediate causes

Banditry’ll end in matter of months –El-Rufai

2023: Power must shift to the North Central –Benue CAN Chairman

2023: Power must shift to the North Central –Benue CAN Chairman

Ooni backs revival of National Principals Cup

Ooni backs revival of National Principals Cup

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Youth Corper wins car in Access Bank Transact and Win promo

Nigeria to disconnect Niger, Benin over N2.60bn electricity debt

Ogun revives dormant imasayi cashew processing plant 

Clean recipe drives mothers’ preference for Capri-Sun

Imo debacle and Obiano’s power of turning the other cheek

The ultimate backlash: Sex dolls

Trending

Supplementary poll: INEC deploys 3 additional RECs to Kano
Politics

INEC fixes Aba North/South byelection for March 27

26th February 2021
0

From Romanus Ugwu, Abuja   THE Independent National Electoral Commission (INEC) has fixed March 27, 2021 for...

Xenophobia: Ohanaeze lambasts Adeyinka Grandson over comments on Igbo in South

Ohanaeze tackles low school enrolment in Enugu

26th February 2021
World Cancer Day- Enugu women decry lack of centre, facilities

Enugu launches loan scheme for entrepreneurs

26th February 2021
Youth Corper wins car in Access Bank Transact and Win promo

Youth Corper wins car in Access Bank Transact and Win promo

26th February 2021
Stop buying, selling under high tension cable, IBEDC warns

Nigeria to disconnect Niger, Benin over N2.60bn electricity debt

26th February 2021

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist