NGX: 10 Stockbroking Firms Lead April Trading With N949.9bn Deals

Ten stockbroking firms recorded stock transactions valued at N949.899 billion in April 2026.

This was contained in the Nigerian Exchange (NGX) broker performance report for April, 2026.

Between April 1, 2026, and April 30, 2026, the NGX recorded a 20.36 per cent gain, its strongest performance since the first quarter of 2024 and the highest monthly gain in the Exchange’s history. Behind this upward trajectory were the stockbrokers who facilitated trades and executed transactions, playing a vital role in deepening investor confidence and market liquidity.

According to the report, the top 10 brokerage firms are Cardinalstone Securities Limited, Cordros Securities Limited, Stanbic IBTC Stockbrokers Limited, EFG Hermes Nigeria, Meristem Stockbrokers, First Securities Brokers, Coronation Securities, United Capital Securities, Lambeth Capital and QCapital Limited.

The 10 firms accounted for a transaction value of N949.899 billion, representing 52.37 per cent of all trades executed on the exchange.

Cardinalstone Securities topped the highest transaction value by N321.994 billion. Cordros Securities followed with a transaction value of N124.064 billion, while Stanbic IBTC Stockbrokers pulled a transaction value of N104.198 billion.

Others are EFG Hermes Nigeria (N96.103 billion), Meristem Stockbrokers (N81.022 billion), First Securities Brokers (N49.966 billion), Coronation Securities (N47.001 billion), United Capital Securities (45.137 billion), Lambeth Capital (N41.117 billion) and QCapital (N39.298 billion).

In terms of volume, 10 stockbrokers handled a combined 16.194 billion shares, accounting for 47.63 per cent of the total volume between April 1 and 30, 2026.

Capital market analysts attributed the April performance, the highest monthly gain in the history of the Exchange, to improved naira stability, recapitalisation clarity in banking, and extended trading hours, which have deepened liquidity, setting the stage for sustained momentum if fundamentals hold.

Speaking about market performance for April, the chief operating officer of InvestData Consulting Limited, Mr Ambrose Omordion, stated that the market recorded its first highest monthly gain in its history.

“This achievement is particularly noteworthy as the earnings from both foreign and local companies are exceeding expectations.

In the context of ongoing global challenges, including the crisis in the Middle East, the Nigerian market stands out as one of the best-performing markets both globally and in Africa, yielding attractive returns for investors,” he said.

He noted that the global potential positions Nigeria’s market favourably in relation to the economic recovery underway in the country, saying that government policies form the foundation of this recovery, influencing market pricing and reflecting the economic shifts we are observing.

According to Omordion, this development serves as an eye-opener, as local companies on the Nigerian Exchange are rewarding shareholders generously, supporting the rising prices and demonstrating the market’s ability to generate wealth for both seasoned and new investors.

“Additionally, the current market environment presents a valuable opportunity for companies to raise funds. In a thriving market, businesses can more easily obtain capital, which in turn boosts employment and drives economic growth. The Nigerian stock market is playing a pivotal role in supporting this economic development, showing alignment with international standards.”

Omordion added that the Nigerian stock market is well-positioned to support the economy and create wealth for investors, offering an encouraging outlook for the future.