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 17 December 2025
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 26bps. The index is up 45.58% YTD.
- PRESTIGE/ VERITASKAP/ LASACO/ FIRSTHOLDCO (+10.00%) topped the gainer's chart, while LIVINGTRUST (-10.00%) topped the loser's chart.
- ETI topped both the volume and value chart with 5.25bn and N168.66bn respectively.
- A total of 37 stocks gained points while 23 stocks lost points.
Sector update
- The NGX Banking Index gained 148bps on ACCESSCORP (+4.00%), WEMABANK (+1.09%), GTCO (+0.45%) and UBA (+0.25%). FCMB (-0.47%) lost points.
- The NGX Consumer Index gained 3bps on CHAMPION (+7.84%) and VITAFOAM (+1.80%). PZ (-3.19%) and MCNICHOLS (-6.90%) lost points.
- The NGX Oil and Gas Index lost 5bps on OANDO (-0.79%).
- The NGX Industrial Index lost 63bps on WAPCO (-4.39%). CUTIX (+0.33%) and CAP (+7.95%) gained points.
Earnings update
ETI, GEREGU, CUSTODIAN, FCMB, VITAFOAM, ZENITHBANK, FIRSTHOLDCO, STERLINGNG.
Market commentary
Value traded increased by 896.46% to $148.21m. It was a busy day in the market today and this was largely driven by block trades. The most significant was an off-mkt cross of 5.249bn ETI at N32.13 avg. Other notable crosses today included 25m GEREGU crossed off-mkt at N1141.50, 76.5m FIRSTHOLD crossed at N39.40, 75m STERLINGNG at N6.90 and 19.5m CUSTODIAN at N39.00. The ETI trade is suspected to be the completion of the sale of Nedbank's 21.2% stake in ETI to Bosquet Investments Limited which was previously announced. Outside of the blocks, we also saw decent activity in the likes of ZENITHBANK and VITAFOAM. We expect block transactions to drive activities again tomorrow.
STOCK PICKS: UBA, GTCO, ZENITHBANK, MTNN.
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