10 stockbroking firms facilitated transactions valued at N341.631 billion on the Nigerian Exchange (NGX) in the month of January 2025.
According to the latest Broker Performance Report, the top 10 stockbrokers by both value and volume have significantly influenced the market dynamics between January 1, 2025, and December 31, 2025.
Collectively, these top ten stockbrokers accounted for 52.01 per cent of the total trading volume on the NGX, executing 15.466 billion shares throughout the month.
Also, in terms of transaction value, they represented 56.13 per cent of the total transaction for the entire month, contributing N341.631 billion to the month-to-date total for 2025.
Leading the 10 stockbrokers with the highest value was Cardinalstone Securities, which cornered 14.67 per cent of the traded value at N89.317 billion. Stanbic IBTC Stockbrokers followed with a transaction value at N46.178 billion (7.59 per cent), while APT Securities & Funds recorded N44.440 billion worth of transactions, representing 7.30 per cent of the total traded value of the NGX.
Global Asset Management Nigeria transacted shares valued at N39.937 billion, while Cordros Securities conducted trade worth N31.793 billion equivalent to 5.22 per cent of total transaction.
Meristem Stockbrokers facilitated deals valued at N31.718 billion representing 5.21 per cent of the entire transaction value, while APEL Asset transacted shares worth N16.885 billion translating to 2.77 per cent of total transaction value.
Also, Morgan Capital Securities, EFG Hermes Nigeria and CSL Stockbrokers conducted trade estimated at N14.826 billion, N14.452 billion and N12.085 billion respectively.
On the volume side, Global Asset Management Nigeria led the way with 3.987 billion shares traded, capturing 13.41 percent of the total volume. Cardinalstone Securities followed with 2.342 billion shares traded, representing 7.88 percent of total volume, while Morgan Capital Securities traded a volume transaction of 1.803 billion shares, accounting for 6.06 percent of total volume.
Meanwhile, investors in Nigerian equities rallied net capital gains of about N1.95 trillion, as market capitalisation closed at N64.709 trillion on January 31, 2025 from N62.763 trillion at which it opened trading for the month. Also, the key performance indicator of the NGX, the All-Share Index (ASI) went up by 1.53 per cent for the month of January.
On market outlook in February, the chief operating officer of InvestData Consulting Limited, Ambrose Omordion said, “we expect mixed sentiments to continue as players digest corporate numbers and more earnings reports hits the market to reveal value and give insight of dividend expectation, while rebalancing their portfolios midst high inflation and earnings expectations. Also, sector rotation and portfolio rebalancing continued in the market with investors taking advantage of price correction to buy into value.”
Omordion noted that this is amid the volatility and pullbacks that add more strength to upside potential, saying that “investors should take advantage of price correction. Also looking at the trends and events across the globe and domestically.”
