Top 10 stockbroking firms trade N1.35 trillion on stocks in 2019

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January 9, 2020

The Nigerian Stock Exchange (NSE) ended 2019 bearish as All-Share index posted a loss of 14.09%. This marks the second year straight of losses after it ended 2018 with a loss of 17.81%.

However, the top ten stockbroking firms on the NSE traded N1.35 trillion worth of shares in full-year 2019 (January and December).

The report, which was obtained from the Stock Exchange by Nairametrics, disclosed that top 10 stockbroking firms accounted for 53.85% (85.5 billion shares) of the total volume of stocks traded on the NSE and N1.35 trillion (70.14%) of the total value of traded shares in 2019.

Top 10 stockbrokers by value
Stanbic IBTC Stockbrokers Limited led the pack of the stockbrokers. On the Exchange, the firm traded the largest volume of shares worth N336.9 billion that represent 17.49% of the total value traded in the year.
Rencap Securities (Nig) Limited pulled shares worth N239.4 billion, representing 12.42% of total traded shares.


EFG Hermes Nig. Limited traded N188.5 billion (9.97%) worth of shares.
CSL Stockbrokers Limited ranks 4th, trading N119.5 billion (6.20%) worth of stocks.
Tellimer Capital Limited traded shares worth N103.6 billion, representing 5.38% of total value traded.
Chapel Hill Denham Securities Limited traded N83.08 billion shares, representing 4.31% of total traded shares.
APT Securities and Funds traded N77.6 billion, representing 4.03% of total share value traded.
FBN Quest Securities Limited is next on the list with N72.2 billion, amounting to 3.75% of the total value of traded shares on the NSE.
Coronation Securities Limited is 9th on the list with N66.5 billion traded shares.
Last on the list is Meristem Stockbrokers Limited, with N63.99 billion or 4.03% of total stocks traded in 2019.


Top 10 stockbrokers by volume
In terms of volume, Stanbic IBTC Limited also comes top spot with 13.8 billion worth of shares, representing 8.75% of the total value of traded shares in 2019.
Qualinvest Capital Limited ranks second and traded 12.40 billion stocks or 7.81% of total volume traded.
Rencap Securities (Nig) Limited comes third with 9.12 billion traded stocks or 5.74% of the total volume traded.
EFG Hermes Nig. Limited traded 8.77 billion shares in the year, representing 5.52% of the total volume traded on the NSE.
CSL Stockbrokers Limited traded 7.80 billion stocks or 4.91% of total shares traded to rank 5th.
Cardinalstone Securities Limited is next on the list with 7.53 billion or 4.75% of the total value traded.
Greenwich Trust Limited ranks the 7th with 7.53 billion shares traded, thereby accounting for 4.47% of the total share volume traded.
Morgan Capital Securities traded 6.83 billion (4.30%) volume of stocks in 2019
Chapel Hill Denham Securities Limited traded 6.79 billion shares, which accounted for 4.28% of the total volume traded.
Lastly, FBN Quest Securities Limited traded 4.82 billion (3.04%) shares in 2019.

 

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