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 24 September 2026
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 38bps. The index is up 62.04% YTD.
- The Pension Index was positive, gaining 58bps on the day and is up 88.07% YTD.
- CMFC (+10%) topped the gainer's chart, while NEIMETH (-7.23%) topped the loser's chart.
- FIDELITYBK topped the volume chart with 335.2m, and SEPLAT topped the value chart with N13.4b.
- A total of 27 stocks gained points while 24 stocks lost points.
Sector update
- The NGX Banking Index lost 29bps on WEMABANK (-3.93%), UBA (-0.98%), ETI (-0.75%), ZENITHBANK (-0.59%), and GTCO (-0.36%). FIDELITYBK (+3.73%) gained points.
- The NGX Consumer Index gained 4bps on NASCON (+2.78%), and INTBREW (+1.54%). NB (-1.16%), CHAMPION (-3%) lost points.
- The NGX Oil and Gas Index gained 395bps on SEPLAT (+7.33%), and ETERNA (+1.3%). JAPAULGOLD (-0.38%), and OANDO (-0.97%) lost points.
- The NGX Industrial Index closed flat on CUTIX (-0.42%), losing and AUSTINLAZ (+4.55%) gaining points.
Earnings update
FTGINSURE, FIDELITYBK, GTCO, MTNN, ZENITHBANK, DNGSUGAR
Market commentary
Trade value increased by 9.44% to $37.62m. The market saw mixed sentiments again in today’s session. While buying interest emerged across selected large-cap and banking names, overall gains remained modest as investors traded cautiously ahead of fresh market catalysts. SEPLAT(+7.33%) was most responsible the gains seen on the ASI. Market activity was strong, particularly towards the close. Trading volumes were healthy and largely driven by institutional participation, with banking stocks remaining at the centre of activity. Notable crosses seen today were- 300m FIDELITYBK between N20.50 and N20.65, 17.3m UBA at N46.00, 750k SEPLAT at N16,000, 121m VFDGROUP at N11.45, and 10m ETI at N66.00. We expect mixed sentiments in the next session as investors continue sector rotation and stock-specific positioning.
STOCK PICKS: GTCO, ZENITHBANK.
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