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 16 October 2024
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 25bps. The index is up 31.45% YTD.
- DEAPCAP (+10%) topped the gainer's chart, while CUSTODIAN (-8.98%) topped the loser's chart.
- FIDELITYBK topped the volume chart with 38.21m, and ARADEL topped the value chart with N3.15b.
- A total of 23 stocks gained points while 23 stocks lost points.
Sector update
- The NGX Banking Index lost 4bps on FIDELITYBK (-2.34%), UBA (-0.41%), ACCESSCORP (-0.25%), FBNH (-0.19%), ZENITHBANK (-0.13%), FCMB (+0.6%), GTCO (+0.97%), STERLINGNG (+1.01%) gained points.
- The NGX Consumer Index gained 46bps on DANGSUGAR (+9.69%), CHAMPION (+9.65%), NESTLE (-2.25%) lost points.
- The NGX Oil and Gas Index gained 2bps on JAPAULGOLD (+0.42%).
- The NGX Industrial Index lost 3bps on WAPCO (-0.69%), CUTIX (+3.59%) gained points.
Earnings update
Nil
Market commentary
Value traded dropped by 66.46% to $5.45m. The market saw lower trading volumes in today’s session, as ARDAEL which has been the most active stock this week saw a reversal to its previous positive sentiments. ARADEL mostly traded on offer, as the stock lost 5.85% on price. Crosses seen in the market includes: 400k NESTLE at N850.00, 383k NESTLE at N870.00, 10.14m FIDELITYBK at N14.55, 5m GTCO at N51.00, and 1m OANDO at N83.00. Outside of the price changes in ARADEL and a few other heavy weights, sentiments were mixed in most spaces, and the ASI had a near flat trend for most of the day. We expect market sentiments to be mixed tomorrow.
STOCK PICKS: UBA, GTCO, ZENITHBANK, WAPCO.
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