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 28 September 2026
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 21bps. The index is up 62.35% YTD.
- The Pension Index was positive, gaining 54bps on the day and is up 88.8% YTD.
- UPL (+9.89%) topped the gainer's chart, while FTGINSURE (-9.5%) topped the loser's chart.
- FIDELITYBK topped both the volume and value chart with 528m and N10.63b respectively.
- A total of 33 stocks gained points while 23 stocks lost points.
Sector update
- The NGX Banking Index gained 114bps on FIDELITYBK (+6.48%), FCMB (+2.69%), FIRSTHOLDCO (+2.11%), UBA (+1.77%), ETI (+1.45%), ACCESSCORP (+1.11%), and ZENITHBANK (+0.37%). WEMABANK (-2.11%) lost points.
- The NGX Consumer Index lost 10bps on DANGSUGAR (-1.41%), and UNILEVER (-0.09%). HONYFLOUR (+1.48%) gained points.
- The NGX Oil and Gas Index gained 1bp on ETERNA (+9.62%), JAPAULGOLD (+4.15%), OANDO (-1.83%) lost points.
- The NGX Industrial Index closed flat on CUTIX (-2.44%). AUSTINLAZ (+4.09%) gained points.
Earnings update
FIDELITYBK, SEPLAT, GTCO
Market commentary
Trade value dropped by 32.13% to $29.67m. The market saw mixed sentiments again in today’s session. Trading was largely range-bound, with oscillatory movements in the ASI as investors balanced buying interest against pockets of profit-taking. Banking stocks provided support to overall activity, while consumer and industrial names recorded some of the most notable losses. Market turnover was healthy and largely driven by on-book trades rather than negotiated deals. Notable crosses included 491m FIDELITYBK at N20.00, 80k SEPLAT at N16,000.00 and 4.2m GTCO at N137.00. Price movements across most value stocks were marginal, reflecting a cautious market tone. We expect mixed sentiments to persist as investors continue to focus on stock-specific opportunities.
STOCK PICKS: GTCO, ZENITHBANK.
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