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 6 November 2024
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 57bps. The index is up 29.15% YTD.
- EUNISELL (+9.87%) topped the gainer's chart, while UBA (-9.99%) topped the loser's chart.
- STERLINGNG topped the volume chart with 79.65m, and UBA topped the value chart with N2.57b.
- A total of 20 stocks gained points while 21 stocks lost points.
Sector update
- The NGX Banking Index lost 92bps on UBA (-9.99%), GTCO (-1.91%), and ZENITHBANK (-0.81%). FIDELITYBK (+0.68%), FBNH (+1.65%), ACCESSCORP (+2.12%), STERLINGNG (+2.63%), and ETI (+7.44%) gained points.
- The NGX Consumer Index lost 13bps on NASCON (-7.83%), HONYFLOUR (-1.16%).
- The NGX Oil and Gas Index gained 80bps on JAPAULGOLD (+5.24%) and CONOIL (+3.32%).
- The NGX Industrial Index gained 3bps on WAPCO (+0.66%). CUTIX (-6.54%) lost points.
Earnings update
NIL
Market commentary
Value traded dropped by 60.73% to $6.01m. It was a slower day in the market today with UBA still being the main driver of activities. UBA reversed its positive streak today as it lost 9.84% following the announcement of its proposed Rights Issue at N35.00 on the basis of 1 for every 5 shares held as at 5 November 2024. Elsewhere we saw STERLINGNG trade decent volume at N5.05 and SEPLAT around N5500 levels, while ACCESSCO gained 2.33%. AIRTELAFRI went ex-div for its interim dividend of N43.08 per share. OANDO closed on offer again with offer strength of 32m shares. We expect a similar pattern of activities again tomorrow.
STOCK PICKS: UBA, GTCO, ZENITHBANK, WAPCO.
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