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 31 March 2026
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 40bps. The index is up 29.35% YTD.
- The Pension Index was negative, losing 7bps on the day and is up 34.68% YTD.
- MULTIVERSE (+9.88%) topped the gainer's chart, while NPFMCRFBK (-10%) topped the loser's chart.
- WEMABANK topped the volume chart with 184.13m, and MTNN topped the value chart with N9.08b.
- A total of 20 stocks gained points while 49 stocks lost points.
Sector update
- The NGX Banking Index lost 176bps on ZENITHBANK (-4.25%), GTCO (-2%), FCMB (-1.67%), WEMABANK (-1.14%), UBA (-0.75%), and ACCESSCORP (-0.58%).
- The NGX Consumer Index gained 24bps on PZ (+4.59%), CADBURY (+4.02%), and NB (+2.82%). HONYFLOUR (-2.56%), CHAMPION (-2.81%), DANGSUGAR (-2.94%), and MCNICHOLS (-9.53%) lost points.
- The NGX Oil and Gas Index gained 8bps on ETERNA (+3.41%), JAPAULGOLD (+2.64%), and OANDO (+1.11%).
- The NGX Industrial Index gained 20bps on WAPCO (+1.48%), CAP (+0.81%), and AUSTINLAZ (+0.23%). CUTIX (-1.25%) lost points.
Earnings update
BUAFOODS, PZ, OKOMUOIL, UACN
Market commentary
Trade value increased by 38.83% to $25.47m. The market continued to see bearish trends for most of today’s session, and some of the key movers were BUACEMENT (-8.17%), ZENITHBANK (-4.05%), and GTCO (-1.87%). Crosses seen were- 6.63m at N100.00 and 5m GTCO at N113.00. The main market session was not so active today, and more of the volume seen were outside of crosses. However, we saw some late turn in activities when 10m units of MTNN shares were crossed in auction at N760.00, and 180m WEMABANK crossed at N26.00.
STOCK PICKS: GTCO, ZENITHBANK.
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