Welcome to Stanbic IBTC Stockbrokers
The largest stockbroking house in Nigeria, providing a comprehensive range of trading products and services
View Market Summary
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 9 September 2026
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 105bps. The index is up 55.66% YTD.
- The Pension Index was negative, losing 48bps on the day and is up 77.74% YTD.
- CHAMPION (+9.9%) topped the gainer's chart, while BUACEMENT/ ZICHIS/ JAPAULGOLD/ FTNCOCOA/ MCNICHOLS/ NSLTECH/ OMATEK (-10%) topped the loser's chart.
- STERLINGNG topped the volume chart with 78.11m, and NESTLE topped the value chart with N3.2b.
- A total of 11 stocks gained points while 43 stocks lost points.
Sector update
- The NGX Banking Index lost 53bps on FCMB (-4.87%), ACCESSCORP (-4.16%), WEMABANK (-3.87%), FIDELITYBK (-1.81%), and GTCO (-1.31%). UBA (+0.47%), and ZENITHBANK (+1.64%) gained points.
- The NGX Consumer Index lost 209bps on MCNICHOLS (-10%), CADBURY (-9.94%), NB (-9.76%), and NESTLE (-6.51%). CHAMPION (+9.9%) gained points.
- The NGX Oil and Gas Index lost 20bps on JAPAULGOLD (-10%), and OANDO (-6.29%).
- The NGX Industrial Index lost 309bps on BUACEMENT (-10%), TRIPPLEG (-9.79%), and AUSTINLAZ (-7.17%). CUTIX (+3.06%) gained points.
Earnings update
NESTLE, STERLINGNG, MBENEFIT
Market commentary
Trade value dropped by 19.91% to $16.64m. The market remained under pressure in today’s session as broad-based selloffs weighed on performance. While pockets of buying interest emerged in select counters, sharp declines in NESTLE (-6.51%), BUACEMENT (-10.00%) and NB (-9.76%) significantly impacted the index and dragged the market lower. Activity was driven by institutional participation and negotiated trades across key names. The consumer goods sector recorded the steepest losses, largely due to weakness in NB and NESTLE. We continue to see profit-taking in recent outperformers and expect mixed sentiments in the near term as investors balance bargain hunting with cautious positioning.
STOCK PICKS: GTCO, ZENITHBANK.
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