Welcome to Stanbic IBTC Stockbrokers
The largest stockbroking house in Nigeria, providing a comprehensive range of trading products and services
Top Gainer & Loser | ||||
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We service a broad range of clients, from local and foreign investors, multinationals, pension companies, asset management companies and high net worth individuals
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
Huge investor database which helps facilitate market making especially for bloc trades
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
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- The Nigerian bourse closed on a negative note as the ASI shed 2bp. The index is up 31.27% YTD.
- FBNH, NGXGROUP, STANBIC (+10.00%) topped the gainers chart, while SOVRENINS (-10.00%) topped the losers table on the day.
- UBA led the volume and value charts with 42.35m and N980mn respectively.
- A total of 18 stocks gained points while 19 stocks lost points.
- The NGX Banking Index gained 52bps on STANBIC (+10.00%), FBNH (+10.00%), FIDELITYBK (+4.44%), ACCESSCO (+3.75%) and UBA (+0.88%). FCMB (-2.14%), GTCO (-1.25%) and ZENITHBANK (-0.91%) lost points.
- The NGX Consumer Goods Index shed 35bps on CADBURY (-6.32%), NESTLE (-3.01%) and NB (-2.90%).
- The NGX Oil and Gas Index closed flat.
- The NGX Industrial Index closed flat.
Nil
Value traded decreased by 21% to $3.83m. The market was very quiet today and we saw a significant slowdown in activities especially from the banking sector. UBA led activities in the banks as we saw decent demand in the market being met by supply. FBNH went on full bid during the session, and we also saw sellers pull back. Rest of the market was largely quiet. Crosses included 10m ZENITHBANK at N32.90 and 500k NESTLE at N795.30. We expect to see activities pick up next week.
STOCK PICKS: UBA, GTCO, ZENITHBANK, WAPCO.
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