10 Stockbroking Firms Trade Equities Worth N275.6bn In 4 Months

Cordros Securities Limited and nine others on the Nigerian Exchange (NGX) Limited traded N275.601 billion in the first four months of the year, 2025.

The NGX Broker Performance Report showed that the top 10 stockbrokers were responsible for 57.08 percent of the total value of stocks traded.

Cordros Securities led in transaction value, executing trades worth N70.743 billion, which accounted for 14.65 per cent of the total value. CardinalStone Securities followed closely with N60.461 billion in trade value, contributing 12.52 per cent, while EFG Hermes Nigeria recorded N40 billion in executed transactions, representing 8.29 per cent of total trades.

Other major brokers in the top ten ranking included First Securities, APT Securities and Funds, United Capital Securities, FSL Securities, Stanbic IBTC Securities, Meristem Stockbrokers and Morgan Capital Securities facilitated trades worth N21.524 billion, N16.420 billion, N14.788 billion, N13.615 billion, N13.420 billion, N13.206 billion and N11.424 billion respectively, from January to April 2025.

In terms of trade volume, the top 10 stockbroking houses traded a volume of 7.473 billion, representing 45.10 per cent of the total volume transaction carried in the period under review.

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CardinalStone Securities led with 1.734 billion units of shares traded, representing 10.46 per cent of total market transactions. First Securities Brokers followed with 902.663 million units, which accounted for 5.45 per cent, while Morgan Capital Securities handled 826.553 million shares, contributing 4.99 per cent of the total volume traded.

This is as Nigeria’s stock market gained N3.73 trillion in four months, propelled by robust earnings and Central Bank of Nigeria (CBN) stable monetary stance.

Capital market analysts attributed the stock market N3.7 trillion growth to impressive 2024 performance by listed companies and the recovery of some companies in their first quarter ended March 31, 2025 corporate earnings released on the Exchange.

So far in 2025, the stock market has seen Monetary Policy Committee of the Central Bank of Nigeria (CBN) retaining the benchmark interest rate at 27.50 per cent, inflation moving to 24.23 per cent as of March 2025, listing by introduction of Legend Internet Plc, banks announcing the outcome of fresh capital raising on the Exchange, among others.