APT Securities, CardinalStone, Stanbic, 7 others trade N455.4bn equities in 4 months

In four months to April 30, 2023, equities deals valued at N455.4billion were done by ten stockbroking firms, led by APT Securities and Funds.

The recent Broker Performance Report shows that only 10 stockbrokers were responsible for 62.98percent of the total value of equities traded on the Nigerian Exchange Limited (NGX) in the review four months period.

APT Securities and Funds led the league, accounting for equities deals worth N105.560billion or 14.60percent of the total value of stocks traded on the NGX in the review period.

It was followed by CardinalStone Securities Limited which exchanged N75.056billion worth of equities or 10.38percent, and Stanbic IBTC Stockbrokers Limited which accounted for N68.968billion or 9.54percent.

United Capital Securities Limited traded N64.433billion worth of stocks or 8.91percent, while EFG Hermes Nigeria Limited accounted for N33.669billion or 4.66percent.

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Other stockbroking houses and the value of equities they traded are: Investment One Stockbrokers International Limited (N28.634billion or 3.96percent), Cordros Securities Limited (N24.963billion or 3.45percent), Meristem Stockbrokers Limited (N20.254billion or 2.80percent), FBN Quest Securities Limited (N17.495billion or 2.42percent), and Chapel Hill Denham Securities Limited (N16.456billion or 2.28percent).

Also looking at the volume of shares traded in the market in the first four months of the year, it shows that ten stockbroking firms traded 55.262billion shares representing 69.31percent of the total volume traded on the Exchange same period.

United Capital Securities Limited led the pack after accounting for 22.236billion shares or 27.89percent of the total equities traded on the Bourse same period. It was followed by Apel Asset Limited which traded 9.799billion shares or 12.29percent.

Also, Apt Securities and Funds made the league of firms that accounted for large chunk of volume traded with 6.279billion shares or 7.88percent of the total trades, Cardinalstone Securities Limited (4.133billion units or 5.18percent), Investment One Stockbrokers International Limited (2.769billion units or 3.47percent), and PAC Securities Limited (2.386billion units or 2.99percent).

Others are: Stanbic IBTC Stockbrokers Limited (2.355billion units or 2.95percent), Morgan Capital Securities Limited (2.140billion units or 2.68percent), Capital Express Securities Limited (1.758billion units or 2.21percent, and Meristem Stockbrokers Limited (1.403billion units or 1.76percent.