Welcome to Stanbic IBTC Stockbrokers
The largest stockbroking house in Nigeria, providing a comprehensive range of trading products and services
We service a broad range of clients, from local and foreign investors, multinationals, pension companies, asset management companies and high net worth individuals
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
Huge investor database which helps facilitate market making especially for bloc trades
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
We offer a broad range of services
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.
Bonds are fixed income instruments issued by entities to raise funds.
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.).
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.
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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- The Nigerian bourse closed on a positive note as the ASI gained 15bps today. The index is up 3.88% YTD.
- GEREGU / VERITASKAP / GEREGU (+10.00%) topped the gainers chart while CHAMS / NCR (-10.00%) topped the losers table on the day.
- UNIVINSURE led the volume chart with 48.55m while AIRTELAFRI topped the value chart with N3.31bn.
- A total of 28 stocks gained points while 17 stocks lost points.
- The NGX Banking Index shed 3bps today on UNITYBNK (-9.09%), STERLNBANK (-2.52%), JAIZBANK (-2.22%), and FIDELITYBK (-1.28%). ETI (+2.07%) and WEMABANK (+1.23%) gained points.
- The NGX Consumer Goods Index lost 17bps on HONYFLOUR (-4.59%), FLOURMILL (-2.91%), and NB (-0.36%). ADBURY (+6.06%), PZ (+4.88%), DANGSUGAR (+2.66%), and UNILEVER (+2.26%). lost points.
- The NGX Oil and Gas Index was flat.
- The NGX Industrial Index gained 3bps on CAP (+3.84%), CUTIX (+0.98%), and WAPCO (+0.40%).
Value traded was up by 3.86% to $12.76m today. Activities in the market was majorly from crosses and volumes in some banking names. We saw 1.9m AIRTEL cross at N1,550.00 and 1m GEREGU at N193.60. GTCO, ZENITHBANK and ACCESSCORP have their volumes outside of crosses. GEREGU was lifted to N193.60 (+10.00%), supporting the gains seen in the ASI. We saw more companies release their financial results today, and we expect sentiments to remain positive tomorrow.
STOCK PICKS: UBA, GTCO, ZENITHBANK, DANGCEM, NESTLE.
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