Welcome to Stanbic IBTC Stockbrokers
The largest stockbroking house in Nigeria, providing a comprehensive range of trading products and services
View Market Summary
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 15 May 2025
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 37bps. The index is up 6.36% YTD.
- HONYFLOUR/ NESTLE (+10%) topped the gainer's chart, while MULTIVERSE (-9.64%) topped the loser's chart.
- FCMB topped the volume chart with 273.04m, and MTNN topped the value chart with N3.44b.
- A total of 36 stocks gained points while 23 stocks lost points.
Sector update
- The NGX Banking Index gained 20bps on ACCESSCORP (+2.56%), and STANBIC (+0.73%). GTCO (-0.07%), UBA (-0.14%), FCMB (-0.53%), and WEMABANK (-2.77%) lost points.
- The NGX Consumer Index gained 116bps on HONYFLOUR (+10%), NESTLE (+10%), NNFM (+9.49%), CHAMPION (+1.64%), and NASCON (+1.3%). CADBURY (-2.68%) lost points.
- The NGX Oil and Gas Index lost 18bps on OANDO (-1.87%).
- The NGX Industrial Index gained 18bps on BETAGLAS (+9.98%), and WAPCO (+0.32%).
Earnings update
Nil
Market commentary
Value traded dropped by 29.93% to $8.66m. The market started today with mixed to net negative sentiments. However, we began to see the ASI tick upward one hour into the close of today’s session on the back of gains in TRANSCOHOTEL (+6.19%), and NESTLE (+10.00%). Most of the market’s activities came from crosses, and some of the notable ones to mention were- 102k NESTLE at N1,331.00, 4.86m NGXGROUP at N36.00, 265m FCMB at N9.40, 1.7m MTNN at N275.10, and 9.3m MTNN at N276.00. We expect to see mixed sentiments in the market tomorrow.
STOCK PICKS: UBA, GTCO, NESTLE, MTNN.
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