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 June 2026
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 235bps. The index is up 51.06% YTD.
- The Pension Index was negative, losing 88bps on the day and is up 62.98% YTD.
- SKYAVN (+9.92%) topped the gainer's chart, while DANGCEM/ BUACEMENT (-10%) topped the loser's chart.
- FIRSTHOLDCO topped the volume chart with 57.39m, and GEREGU topped the value chart with N3.67b.
- A total of 17 stocks gained points while 37 stocks lost points.
Sector update
- The NGX Banking Index lost 71bps on ZENITHBANK (-2.88%), WEMABANK (-2.76%), FCMB (-1.96%), and UBA (-0.5%). GTCO (+0.62%) gained points.
- The NGX Consumer Index lost 29bps on INTBREW (-1.72%), NB (-0.95%), DANGSUGAR (-0.91%), and HONYFLOUR (-0.3%).
- The NGX Oil and Gas Index lost 11bps on OANDO (-3%).
- The NGX Industrial Index lost 831bps on DANGCEM (-10%), BUACEMENT (-10%).
Earnings update
GEREGU, FIRSTHOLDCO, ZENITHBANK.
Market commentary
Trade value dropped by 46.96% to $15.18m. The Nigerian bourse was bearish through today, and mostly lost points due to the heavy weight cement names- DANGCEM (-10.00%) and BUACEMENT (-10.00%). GEREGU also lost points (-10.00%) contributing to the market loss seen. Many heavyweight stocks had more offers than bids in the day’s session. Notable crosses were- 43.55m FIRSTHOLDCO at N61.00, and 4m GEREGU at N917.40. We also saw small crosses in GTCO and ZENITHBANK. However, these 2 names had more of their decent volumes outside of crosses. We expect sentiments to be mixed/ net negative in tomorrow’s session.
STOCK PICKS: GTCO, ZENITHBANK.
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