• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

Top stockbroking firms in Nigeria trade shares worth $938 million in Q1 2021

4 years ago
in highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
90
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Regular Fiscal Data Publication Key to Having an Effective Fiscal Council, Says Oppong Nkrumah

Finance Ministry Backs New Fiscal Council to Anchor Discipline and Stability

2025 Study: Where High Earners Keep Most of Their Money 

The Nigerian Stock market ended the first quarter of 2021 bearish as the All-Share Index dipped by 3.04% from 40,270.42 points recorded as of December 31st, 2020 to close at 39,045.13 points at the end of Q1 2021.

Meanwhile, the top-performing stockbroking firms in the Nigerian Stock Exchange, traded about 30.16 billion units of shares with a value of N357.48 billion, accounting for 52.63% of the total value of shares traded in the period.

This is according to the Broker performance Report, released by the Nigerian Stock Exchange for the first quarter of 2021.

According to the report, Cardinalstone Securities led the list of stockbroking firms by volume of shares while Stanbic IBTC Stockbrokers traded the highest in monetary terms for the period under review.

Stockbrokers by value

The top ten Stockbrokers were responsible for 52.63% of the total amount of shares traded in Q1 2021, trading a total of N357.48 billion ($938 million) worth of shares.

  • Stanbic IBTC Stockbroker retains the top position in this category, having traded in stocks worth N88.2 billion between January and March 2021, representing 12.99% of the total value of shares traded during this period.
  • Cardinalstone Securities stood at second on the list with trades in stocks valued at N47.36 billion, accounting for 6.97% of the total value of shares traded in the first quarter of the year.
  • ABSA Securities Nigeria followed closely with its total trades valued at N41.53 billion in the period under review. This represents 6.12% of the total value recorded in the Stock Exchange market.
  • Rencap Securities also traded in stocks worth N35.81 billion, to stand fourth on the list as it accounted for 5.27% of the recorded trades in monetary terms.
  • EFG Hermes traded a sum of N31.1 billion worth of stocks, which accounted for 4.58% of the total value for the period.
  • Others include; ESTC Securities (N26.4 billion), Meristem Stockbrokers (24.35 billion), FBN Quest Securities (N24.05 billion), Apel Asset Limited (20.56 billion), and Cordros Securities (18.11 billion).
Stockbrokers by volume

The top ten stockbroking firms for the period under review traded in 30.16 billion units of shares, accounting for 47.92% of the total traded stocks.

  • Cardinalstone Securities Limited tops the list of stockbroking firms in terms of volume of shares traded as it recorded trades in 5.13 billion units of shares, representing 8.15% of the total volume traded in the bourse for the period.
  • Morgan Capital Securities followed, having traded in 4.05 billion shares, accounting for 6.43% of the total volume of shares traded between January and March 2021.
  • Stanbic IBTC Stockbrokers, which is a regular on the list traded in 3.79 billion units of shares in the first quarter of the year. This represents 6.03% of the total recorded.
  • Meristem Stockbrokers Limited stands fourth on the list with trades in 3.56 billion units of shares between January and March 2021, accounting for 5.65% of the total volume recorded.
  • Atlass Portfolios Limited traded in a total of 3.46 billion units of shares accounting for 5.5% of the total volume recorded in the period under review.
  • Others on the list include; GTI Securities (2.97 billion), Light House Asset Management (2.16 billion), Greenwich Trust Limited (1.87 billion), WSTC Securities (1.62 billion), and Inter State Securities (1.55 billion).
What you should know
  • The bearish trend recorded in the stock market during the first quarter of the year can be attributed to rising yields in government securities, profit-taking by investors, reallocation of investment portfolios, and the general downturn in the country’s economy.
  • Notably, according to the NBS, Nigeria’s inflation surged to a record high of 17.33, unemployment at 33.3% while food inflation (21.79%) galloped to its highest in 15 years.

Source: nairametrics
Via: norvanreports
Tags: All-Share Index dipped by 3.04%Broker performance ReportNigerian Stock markettrade shares worth $938 million in Q1 2021
No Result
View All Result

Highlights

GoldBod Introduces Special Bonus for Licensed Miners

Thomas Partey in Top Form for Black Stars Amid Legal Challenges – GFA 

BoG Tightens Foreign Currency Import and Export Rules to Curb Money Laundering

BoG Reiterates Warning Against Unauthorised Foreign Exchange Transactions

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

Trending

Business

Regular Fiscal Data Publication Key to Having an Effective Fiscal Council, Says Oppong Nkrumah

August 27, 2025

Regular Fiscal Data Publication Key to Having an Effective Fiscal Council, Says Oppong Nkrumah Ranking Member of...

Finance Ministry Backs New Fiscal Council to Anchor Discipline and Stability

August 27, 2025

2025 Study: Where High Earners Keep Most of Their Money 

August 27, 2025

GoldBod Introduces Special Bonus for Licensed Miners

August 27, 2025

Thomas Partey in Top Form for Black Stars Amid Legal Challenges – GFA 

August 27, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.