Welcome to Stanbic IBTC Stockbrokers
The largest stockbroking house in Nigeria, providing a comprehensive range of trading products and services
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As at September 14, 2021
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Why trade with us?
Professionalism
We have a highly qualified and experienced workforce with impeccable customer service and integrity.
Our track record
Over a decade of stockbroking experience in the Nigerian financial market
Diversified Clientele
We service a broad range of clients, from local and foreign investors, multinationals, pension companies, asset management companies and high net worth individuals
Technology
With our robust software, you are guaranteed online access to your account (via web or mobile app), which would facilitate placing orders, monitoring your account, reviewing transaction history and timely confirmation of trade execution
Large database
Huge investor database which helps facilitate market making especially for bloc trades
Research
Our Analysts provide insightful, objective and decisive research reports that are designed to enable clients make informed investment decisions. Our research report includes daily market update, company news and results, regular update on the capital market, the money market and other research literature
What are you looking for?
Equities
Equities are shares in a company that are owned by people who have a right to vote at the company's meetings and to receive part of the company's profits after the holders of preference shares have been paid.
Exchange Traded Funds (ETF)
Exchange Traded Fund (ETF) is a type of investment fund and exchange traded product that tracks the performance of an index or a “basket” of securities (such as shares, bonds, commodities, etc.).
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Over-the-counter (OTC)
Over-the-counter (OTC) securities are securities that are not listed on a major exchange in Nigeria and are instead traded via a broker-dealer network, usually because many are smaller companies and do not meet the requirements to be listed on a formal exchange.
Mutual Funds (Exchange Traded)
A Mutual Fund is an investment vehicle made up of a pool of funds collected from numerous investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.
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Market Summary for 24 April 2025
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 75bps. The index is up 3.06% YTD.
- IKEJAHOTEL/ CADBURY/ ETERNA/ NESTLE/ WAPCO (+10%) topped the gainer's chart, while JOHNHOLT (-10%) topped the loser's chart.
- ACCESSCORP topped the volume chart with 48.5m, and MTNN topped the value chart with N1.42b.
- A total of 44 stocks gained points while 15 stocks lost points.
Sector update
- The NGX Banking Index lost 20bps on UBA (-2.72%), and FIDELITYBK (-1.23%). GTCO (+0.16%), ACCESSCORP (+0.84%), and ZENITHBANK (+0.89%) gained points.
- The NGX Consumer Index gained 235bps on CADBURY (+10%), NESTLE (+10%), VITAFOAM (+9.97%), DANGSUGAR (+9.92%), NASCON (+9.91%), INTBREW (+9.38%), UNILEVER (+1.18%), and HONYFLOUR (+0.43%). NB (-4.52%) lost points.
- The NGX Oil and Gas Index gained 27bps on ETERNA (+10%), and OANDO (+2.79%).
- The NGX Industrial Index gained 129bps on WAPCO (+10%), while CUTIX (-0.87%) lost points.
Earnings update
Nil
Market commentary
Value traded dropped by 43.28% to $6.45m. While there were less activities in the market compared to yesterday, we still saw decent volumes trade in the Nigerian equities market today. Most of the activities seen today were from crosses, and some to mention were- 4.05m MTNN at N243.00, 6.5m UNILEVER at N38.50, 2.5m WAPCO 79.20, 18m ACCESSCORP at N24.00, and 12m GTCO at N61.00. Market sentiments were mostly bullish today, as we saw names like MTNN (+2.51%), WAPCO (+10.00%), NESTLE (+10%), TRANSCORP (+4.40%), DANGSUGAR (+9.92%), and INTBREW (+9.37%) gain points amongst other. We have been seeing companies roll out their numbers for the quarter and the market react to these number. We expect sentiments to remain bullish tomorrow.
STOCK PICKS: UBA, GTCO, NESTLE, MTNN.
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