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 8 September 2026
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 117bps. The index is up 57.31% YTD.
- The Pension Index was negative, losing 208bps on the day and is up 78.59% YTD.
- ELLAHLAKES (+7.07%) topped the gainer's chart, while AVACAP (-10%) topped the loser's chart.
- NEM topped both the volume and value chart with 131.73m and N4.07b respectively.
- A total of 4 stocks gained points while 62 stocks lost points.
Sector update
- The NGX Banking Index lost 421bps on FIRSTHOLDCO (-9.3%), ACCESSCORP (-7.06%), UBA (-5%), ZENITHBANK (-3.94%), FCMB (-2.16%), FIDELITYBK (-1.78%), and GTCO (-1.52%). WEMABANK (+0.68%) gained points.
- The NGX Consumer Index lost 29bps on CHAMPION (-7.34%), MCNICHOLS (-4.76%), DANGSUGAR (-2.79%), and INTBREW (-0.49%).
- The NGX Oil and Gas Index lost 14bps on JAPAULGOLD (-8.13%), ETERNA (-4.17%), and OANDO (-3.31%).
- The NGX Industrial Index lost 22bps on CAP (-7.73%), CUTIX (-4.58%), and HBMNG (-1.22%).
Earnings update
NEM
Market commentary
Trade value increased by 1.83% to $20.92m. The market traded with a negative bias as profit-taking pressure persisted across large-cap names. Losses were broad-based, with selloffs outweighing pockets of buying interest across the market. Activity remained healthy, supported by institutional participation and several negotiated trades. While a few stocks attracted bargain hunting, overall sentiment was cautious as investors locked in recent gains. FIRSTHOLDCO (-9.30%) and MTNN (-2.39%) were the major loss drivers. We expect mixed sentiment in the near term as market participants balance profit-taking with opportunities in fundamentally strong names.
STOCK PICKS: GTCO, ZENITHBANK.
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