10 Firms 65.79% Stocks Trading In Q1

In the first-quarter (Q1) period ended March 31, 2025, 10 stockbroking firms were responsible for 65.79 per cent of the value of stocks traded on the Nigerian Exchange Limited (NGX).

Equities transactions by these stockbroking firms, which included Chapel Hill Denham Securities Limited, Cardinalstone Securities Limited, APT Securities and Funds, and other seven and seven others amounted to N1.47 trillion stocks in Q1 according to recently released broker performance report at the Nigerian Exchange Limited (NGX). Details show that Chapel Hill Denham Securities Limited traded stocks valued at 680.213billion in Q1’25, representing 30.41 per cent of the total value of stocks traded.

Also, while Cardinalstone Securities Limited accounted for equities worth N196.502 billion in Q1’25 or 8.79 percent of the total value of stocks traded same period on the NGX, equities transactions by APT Securities and Funds were valued at N144.465 billion or 6.46 percent of the total value of equities traded on the NGX in same period.

Others stockbroking firms that made the top-10 league in term of value of stocks they traded include: Stanbic IBTC Stockbrokers Limited which accounted for N107.486 billion or 4.81 percent; Meristem Stockbrokers Limited (N83.744 billion or 3.74 per cent), and Cordros Securities Limited (N81.004 billion or 3.62 per cent).

The NGX report also shows that Coronation Securities Limited made the top-10 league by value of equities traded in the Q1’25 period recording N58.043 billion equities trading, representing 2.60 percent of the total value of stocks traded on the NGX in same period, while Global Asset Management Nigeria Limited accounted for stocks deals worth N42.644 billion or 1.91 per cent of the total value of equities traded on the NGX in the same Q1 period.

Apel Asset Limited also made the list of top-10 brokers by value after recording stock deals worth N39.328 billion or 1.76 percent of the total value of stocks traded on the NGX in Q1, while First Securities Brokers Limited made the top-10 brokers list by value, recording N38.112 billion equities deal or 1.70 per cent.

In terms of volume, Chapel Hill Denham Securities also led with 9.468billion shares traded, representing 11.92 per cent of the total volume of stocks exchanged in the Q1 period. It was followed by Cordros Securities Limited (5.963billion units or 7.51 per cent), Cardinalstone Securities Limited (5.420billion units or 6.83 per cent), and Global Asset Management Nigeria Limited (4.228billion units or 5.33 per cent).

Also, in Q1’25, Morgan Capital Securities Limited traded 3.632 billion shares in Q1’25, representing 4.57 per cent. Meristem Stockbrokers Limited also traded 3.582 billion units, representing 4.51 per cent; Stanbic IBTC Stockbrokers Limited (2.825 billion units or 3.56 percent), APT Securities and Funds (2.213 billion units or 2.79 per cent), Coronation Securities Limited (2.184 billion units or 2.75 per cent), and GTI Securities Limited (1.525billion units or 1.92 per cent of the total volume of trade in Q1).