• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

10 Stockbroking Firms Transact Shares Worth N1.076trn In 5months

by Olushola Bello
3 years ago
in Business
Stockbroking Firms Transact Shares
Share on WhatsAppShare on FacebookShare on XTelegram

APT Securities and Funds Limited and nine others stockbroking firms have traded stocks worth N1.076 trillion in the first five months of the year according to data from the broker performance report by the Nigerian Exchange Limited (NGX).

Advertisement

LEADERSHIP revealed that from January 4 to May 31, 2021, the top 10 stockbrokers on the Exchange traded 71.29 per cent of the total value of shares transacted in the period under review. They also traded 102.306 billion shares, representing 72.49 per cent of the total volume of shares traded on the NGX in five months.

Cardinalstone Securities Limited recorded the highest transactions worth N489.381 billion, representing 32.41 per cent of the total value of the transactions for the period. APT Securities and Funds followed with a transaction worth N150.009 billion, representing 9.94 per cent of the total value of transactions, while Stanbic IBTC Stockbrokers pulled transaction worth N94.099 billion.

Meristem Stockbrokers sold stocks valued at N84.715 billion, while EFG Hermes Nigeria’ transaction valued at N62.953 billion in five months. Cordros Securities, Chapel Hill Denham Securities, CSL Stockbrokers, Rencap Securities and Morgan Capital Securities pulled transactions valued at N49.926 billion, N46.724 billion, N43.749 billion, N32.920 billion and N21.881 billion respectively.

Meanwhile, in terms of the volume of shares sold, Cardinalstone Securities came top with 70.045 billion shares sold, representing 49.63 per cent of the total volume of shares sold during the period. Chapel Hill Denham Securities followed with volume of 7.345 billion shares, while APT Securities and Funds handled volume of 5.039 billion shares.

RELATED

Deploying AI Will Not Cause Job Loss In Nigeria – Expert

Expert Introduces Lightweight AI-based System For Early Aviation Failure Detection

21 hours ago
FirstBank Customers Get N93m In ‘Win Big Promo’

FirstBank Launches Facial Recognition On Mobile App

21 hours ago

Morgan Capital Securities pulled 4.754 billion, while CSL Stockbrokers transacted 4.030 billion shares from January to May, 2021.

Moreover, the stock market posted a year-to-date gain of 24.1 per cent as at May 31, 2022.  So far this year, the Nigerian stock market has a bullish performance. The strong market sentiment was supported by the listing of Dangote Foods Plc, commencement of the PSB operation by MTN Nigeria and Airtel Africa, impressive corporate earnings releases, dividend payments, and low fixed-income yield environment.

Analysts at United Capital Plc noted that “the uptrend has been particularly driven by domestic institutional investors whose investment options have now been somewhat limited to the equities market. Since the turn of Q2, 2022, yields on domestic bonds have trended higher, causing Pension Fund Administrators (PFAs) to book mark-to-market losses (particularly those that mark-to-market their bond portfolios) on their bond positions (which constitutes c.60.0 per cent of their portfolios).

“Meanwhile, alternative outlets like Fixed deposits and Nigerian Treasury Bills (NT-bills) have continued to remain unattractive. On the other hand, we have seen listed companies return solid results in the Q1, 2022 earnings season. As a result, we have seen these institutional investors increase exposure to domestic equities, while reducing bond and other money market exposures,” they said.

On market outlook, the chief operating officer of InvestData Consulting Limited, Mr Ambrose Omordion said: “we expect a mixed trend in reaction to March year-end earnings report, as funds flow to the fixed income market on the rate hike by Central Bank of Nigeria (CBN). Just as portfolio rotations persist as market players digest the macro-economic data and Q1 corporate earnings release, ahead of March year-end 2022 audited financials with dividend announcements to support uptrend in the new month amid the rebound in oil prices.

“Also, the market continues to interpret the rising inflation in relation to the crude oil price and other factors, in the midst of profit-taking and portfolio rebalancing. This will result in market players targeting fundamentally sound and dividend-paying stocks in the hope of dividend announcements.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Stock Investors
SendShareTweetShare
Previous Post

NASCON Continues To Strengthen, Sustain Business Practices

Next Post

Okowa Charges Leaders To Make Society Better With Their Positions

Olushola Bello

Olushola Bello

You May Like

Deploying AI Will Not Cause Job Loss In Nigeria – Expert
Business

Expert Introduces Lightweight AI-based System For Early Aviation Failure Detection

2025/06/30
FirstBank Customers Get N93m In ‘Win Big Promo’
Business

FirstBank Launches Facial Recognition On Mobile App

2025/06/30
Group To Drive Africa’s Tech-led Industrial Revolution, Offers Tips To Unlock $450bn Intra-African Trade
Business

Group To Drive Africa’s Tech-led Industrial Revolution, Offers Tips To Unlock $450bn Intra-African Trade

2025/06/30
Oilserv Targets December Completion Of 303km As AKK Pipeline Crosses River Niger
Business

Oilserv Targets December Completion Of 303km As AKK Pipeline Crosses River Niger

2025/06/30
Council Targets Accelerated Sugar Project Devt In 2025
Business

Poor Backward Integration Programme Performance To Cost Sugar Firms Import Quotas

2025/06/30
Bbb+ Rating
Business

TAJBank Sustains Industry Feat, Pays 3rd Dividend In 5 Years

2025/06/30
Leadership Conference advertisement

LATEST

Reform Or Retreat: A Moment For Northern States

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

Badaru Leads FG’s Delegation To S’Arabia As Dantata’s Burial Holds Today

NCAA Grounds Rano Air After Engine Failure

2027: Coalition Woos Ex-President Jonathan

Nigeria Is In Our DNA, Says Lucian PM

Speed Darlington Threatens NAPTIP With N2.5bn Lawsuit For Declaring Him Wanted

Pastor, Woman Stripped Naked Over Alleged Infidelity In Edo

Ex-Lawmaker Mashood Mustapha Arraigned For Alleged Defamation Of Kwara Gov

Gwarzo Hails North’s First Clinical Pharmacy Prof, Hadiza Ma’aji, On Professorial Elevation

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.