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The largest stockbroking house in Nigeria, providing a comprehensive range of trading products and services
The Dangote IPO
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As at September 14, 2021
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Over a decade of stockbroking experience in the Nigerian financial market
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We service a broad range of clients, from local and foreign investors, multinationals, pension companies, asset management companies and high net worth individuals
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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
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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
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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 26 October 2026
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 165bps. The index is up 61.48% YTD.
- The Pension Index was positive, gaining 157bps on the day and is up 82.7% YTD.
- DANGCEM (+10%) topped the gainer's chart, while ABCTRANS (-9.59%) topped the loser's chart.
- ZENITHBANK topped the volume chart with 25.92m, and DANGCEM topped the value chart with N6.39b.
- A total of 23 stocks gained points while 30 stocks lost points.
Sector update
- The NGX Banking Index gained 234bps on FIRSTHOLDCO (+7.56%), ACCESSCORP (+4.15%), GTCO (+2.54%), FCMB (+1.85%), ZENITHBANK (+1.26%), and UBA (+0.25%). WEMABANK (-0.33%) and FIDELITYBK (-4.17%) lost points.
- The NGX Consumer Index lost 6bps on CHAMPION (-8.16%), PZ (-7.61%), CADBURY (-5%), and NB (-1.33%). INTBREW (+2.76%) and HONYFLOUR (+9.78%) gained points.
- The NGX Oil and Gas Index gained 88bps on ARADEL (+2.48%). OANDO (-1.05%) and JAPAULGOLD (-2.8%) lost points.
- The NGX Industrial Index gained 537bps on DANGCEM (+10%). CUTIX (-5.29%) and AUSTINLAZ (-7.02%) lost points.
Earnings update
ZENITHBANK, DANGCEM, GTCO, ARADEL
Market commentary
Trade value increased by 11.12% to $18.44m. The market's trend was flat for most of today until there was a spike in the index from late gains in DANGCEM (+10.00%) and FIRSTHOLDCO (+7.56%). Most other value names only had marginal price movement. The banking names dominated volumes and the Consumer goods sector had most of the significant losers. The bulk of today's activities were outside of crosses, and the few notable crosses were - 500k DANGCEM at N1,150.00, 600k ARADEL at N1,413.00, 5m ZENITHBANK at N120.00 and 4m GTCO at N125.10. We still expect mixed sentiments in the general market tomorrow.
STOCK PICKS: GTCO, ZENITHBANK.
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