Vetiva Capital outshines other stockbroking firms in volume, value of deals

In January 2015, Vetiva Capital Management Limited surpassed other stockbroking firms in terms of volume and value of deals the firm controlled at the Nigerian Stock Exchange (NSE).

In terms of volume of shares, only 10 stockbroking firms accounted for 64.39 per cent or 10.309 billion units traded between January 2, 2015, and January 30, 2015.

Also in the same period, in terms of value, 10 stockbroking firms were responsible for 75.15 per cent of N139.544 billion worth of shares exchanged at the NSE.

Vetiva Capital Management Limited accounted for 1.692 billion units or 10.57 per cent of the total volume of equities traded last month. Also, the same company led the 10 top stockbroking firms after controlling deals worth N30.288 billion or 16.31 per cent of the total value of stocks traded last month.

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In terms of volume, CSL Stockbrokers Limited came second after accounting for 1.614 billion units or 10.09 per cent of the total volume of stocks traded in the review period.

Rencap Securities (Nig) Limited followed with 1.353 billion units or 8.45 per cent; Stanbic IBTC Stockbrokers Limited accounted for 1.329 billion units or 8.30 per cent, while FBN Securities Limited controlled 7.49 per cent of the volume of stock traded last month, representing 1.199 billion units.

Also on the top 10 list include Core Trust and Investment Limited, which accounted for 5.64 per cent or 902.537 million units; Chapel Hill Denham Securities Limited (869.215m units or 5.43%); African Alliance Stockbrokers Limited (542.400m units or 3.39%); Partnership Securities Limited (410.693m or 2.57%), and ARM Securities Limited (395.886m units or 2.47%).