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 15 October 2024
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 33bps. The index is up 31.79% YTD.
- CHAMPION (+9.97%) topped the gainer's chart, while CAVERTON (-10%) topped the loser's chart.
- ACCESSCORP topped the volume chart with 45.95m, and ARADEL topped the value chart with N20.76b.
- A total of 15 stocks gained points while 28 stocks lost points.
Sector update
- The NGX Banking Index lost 78bps on STANBIC (-7.11%), FBNH (-0.76%). FCMB (+0.6%), ACCESSCORP (+1.28%), FIDELITYBK (+2.4%), STERLINGNG (+3.13%), GTCO (+3.21%) gained points.
- The NGX Consumer Index gained 24bps on NASCON (+6.67%), DANGSUGAR (+3.06%), UNILEVER (-1.3%), VITAFOAM (-9.09%) lost points.
- The NGX Oil and Gas Index gained 13bps on ETERNA (+4.86%), and JAPAULGOLD (-1.67%).
- The NGX Industrial Index closed flat even as TRIPPLEG (-9.95%) lost points.
Earnings update
Nil
Market commentary
Value traded increased by 36.07% to $16.4m. ARADEL was still the most active stock in today’s session, as it accounted for almost 80% of the total value traded in the market today. The stock opened today on a bullish note, and on full bid. We later saw offers pop-up in ARADEL, as the stock eventually settled to trade at N820.00 levels. Banking and Oil and Gas names were the most active in today’s session. Some of the crosses seen were: 20m ZENITHBANK at N37.50, 206k SEPLAT at N5,000.00 and 36m ACCESSCORP between N19.85 and N20.70. With gains seen in some Oil and Gas names, the market closed positive today. We expect to see mixed sentiments tomorrow.
STOCK PICKS: UBA, GTCO, ZENITHBANK, WAPCO.
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