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 6 November 2025
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 135bps. The index is up 46.29% YTD.
- UPDC (+9.83%) topped the gainer's chart, while LEGENDINT (-9.93%) topped the loser's chart.
- FCMB topped the volume chart with 149.99m, and ZENITHBANK topped the value chart with N2.51b.
- A total of 15 stocks gained points while 39 stocks lost points.
Sector update
- The NGX Banking Index lost 19bps on ETI (-4%), WEMABANK (-2.28%), ACCESSCORP (-2.17%), ZENITHBANK (-1.48%), FIDELITYBK (-1.32%), and GTCO (-0.52%). UBA (+1.36%), and FCMB (+8%) gained points.
- The NGX Consumer Index lost 102bps on CHAMPION (-9.72%), MCNICHOLS (-3.51%), and GUINNESS (-3.41%). UNILEVER (+1.76%), and HONYFLOUR (+4.78%) gained points.
- The NGX Oil and Gas Index gained 22bps on OANDO (-1.19%).
- The NGX Industrial Index lost 116bps on BERGER (-4.88%). WAPCO (+1.54%), and CUTIX (+1.56%) gained points.
Earnings update
NIL
Market commentary
Value traded dropped by 44.59% to $11.46m. The market was bearish today, with consumer names taking some of the most significant hits in the market today. We saw decent volumes trade in and outside of crosses, and some of the most significant crosses seen were- 8m GUINNESS at N170.00, 664k MTN at N477.00 and 9m UBA at N41.00. Price movements were however marginal in most spaces.
STOCK PICKS: UBA, GTCO, ZENITHBANK, MTNN.
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