10 Broking Firms Pull N2.14trn Transactions In 5 Months

Ten stockbroking firms dominated trading activities on the Nigerian Exchange Limited, accounting for N2.140 trillion in transactions in the first five months of 2025.

This figure represents 62.56 per cent of the total market value traded during the period.

According to the NGX Broker Performance Report from January 01, 2025 through May 30, 2025, Chapel Hill Denham Securities Limited led in transaction value, executing trades worth N700.883 billion, which accounted for 20.49 per cent of the total value. Cardinalstone Securities followed closely with N325.616 billion in trade value, contributing 9.52 per cent, while Cordros Securities recorded N199.367 billion in executed transactions, representing 5.83 per cent of total trades.

Other are APT Securities & Funds, United Capital Securities, Stanbic IBTC Stockbrokers, EFG Hermes Nigeria, Meristem Stockbrokers, Coronation Securities and First Securities Brokers facilitated trades worth N169.268 billion, N159.305 billion, N159.254 billion, N145.573 billion N127.032 billion, N83.778 billion, N70.166 billion respectively.

In terms of trade volume, 10 stockbrokers are responsible for 46.37 per cent of the total volume between January 1, 2025 and May 30, 2025 amounted to 57.074 billion units.

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Chapel Hill Denham Securities led with 9.936 billion units of shares traded, representing 8.07 per cent of total market transactions. CardinalStone Securities followed with 8.765 billion units, which accounted for 7.12 per cent, while Cordros Securities handled 7.456 billion shares, contributing 6.06 per cent of the total volume traded.

Meristem Stockbrokers (5.603 billion units), Morgan Capital Securities (5.525 billion), United Capital Securities (5.054 billion units), Global Asset Management-Nigeria (4.359 billion units), Stanbic IBTC Stockbrokers (4.078 billion unites), GTI Securities (3.153 billion units) and APT Securities & Funds (3.145 billion units)

Meanwhile, Nigerian equities market performance from January to May showed that the All-Share Index recoded a growth of 8.56 per cent. Similarly, market capitalisation under the period grew by N47.700 trillion, reaching N70.463 trillion at the end of May, 2025 from an opening of N62.763 trillion at which the market commenced trading for the year.

The chief operating officer of InvestData Consulting Limited, Ambrose Omordion said, “Nigeria’s equities market continues to reflect bullish investor positioning amid improving risk appetite, while global oil markets remain responsive to evolving supply-side risks and policy signals.”