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 18 November 2024
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 3bps. The index is up 30.72% YTD.
- JOHNHOLT (+9.97%) topped the gainer's chart, while MECURE (-9.65%) topped the loser's chart.
- JAPAULGOLD topped the volume chart with 179.1m, and ACCESSCORP topped the value chart with N775.55m.
- A total of 29 stocks gained points while 21 stocks lost points.
Sector update
- The NGX Banking Index lost 58bps on ACCESSCORP (-3.03%), STERLINGNG (-1.20%), GTCO (-1.16%), FCMB (-1.05%), and FBNH (-0.72%). UBA (+0.15%), FIDELITYBK (+0.33%), and ZENITHBANK (+0.46%) gained points.
- The NGX Consumer Index lost 27bps on CHAMPION (-6.88%), GUINNESS (-4.62%), HONYFLOUR (-2.48%), and FLOURMILL (-1.46%).
- The NGX Oil and Gas Index lost 8bps on CONOIL (-0.35%).
- The NGX Industrial Index gained 66bps on BETAGLAS (+9.92%), WAPCO (+9.52%), and CUTIX (+2.46%).
Earnings update
NIL
Market commentary
Value traded dropped by 21.15% to $3.18m. Activities were driven by the banks again today with ACCESSCO, UBA and ZENITHBANK leading the pack. Most of the participation was local in our view in these names. Interests continued in OANDO though volumes were lower on the day. We saw 4.9m GUINNESS crossed at N62.00 and outside of this the rest of the market was quiet. We expect interests to continue in a similar manner tomorrow.
STOCK PICKS: UBA, GTCO, ZENITHBANK, WAPCO.
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