Ten brokerage firms facilitated transactions valued at N1.112 trillion on the Nigerian Exchange (NGX) in the second quarter (Q2) of 2025.
This was contained in the Broker Performance Report from April 1, 2025 to June 30, 2025 on the Nigerian Exchange (NGX). The total transaction value by the 10 houses translated to 56.60 per cent of the cumulative trade executed on the Exchange from April to June.
Leading the ten stockbrokers with the highest value was Cardinalstone Securities, which traded shares worth N256.495 billion, representing 13.06 per cent. EFG Hermes Nigeria followed with transactions valued at N161.147 billion, while Cordros Securities recorded N157.994 billion worth of transactions in Q2.
Other stockbrokers with high value of trade include United Capital Securities, Stanbic IBTC Stockbrokers, Meristem Stockbrokers, CSL Stockbrokers, Vetiva Capital Management, Coronation Securities and First Securities Brokers traded shares valued at N136.475 billion, N103.164 billion, N83.653 billion, N61.530 billion, N54.069 billion, N52.314 billion and N44.731 billion respectively.
In volume terms, the top ten brokerage firms conducted transactions totalling 33.087 billion shares between them, accounting for 45.19 per cent of the entire trade executed on the exchange in that period.
Cardinalstone Securities traded a volume of 7.774 billion units of shares, representing 10.62 per cent of the total volume traded during the period under review. United Capital pulled a total volume of 4.244 billion shares, while Meristem Stockbrokers traded 3.941 billion shares.
Meanwhile, the Nigerian equities market recorded a significant increase in investments, with a gain of N13.199 trillion in the first half (H1) of the year, which reflects investor confidence and a positive market trend.
Looking ahead in H2, analysts at Afrinvest Limited said, “we maintain our market projections as most of the current market dynamics still align with our prognosis at the beginning of the year. For FY 2024, we still project a 30.4 per cent gain in our base-case scenario, driven by expectations sustained pace of banking sector capital raise, fixed-income yield moderation, fiscal policy reforms & accelerated CAPEX spending, improved FX stability, and the possibility of some major corporate listings on the NGX.”
