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 July 2026
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 19bps. The index is up 58.96% YTD.
- The Pension Index was negative, losing 40bps on the day and is up 77.16% YTD.
- CNIF (+10%) topped the gainer's chart, while PRESCO (-10%) topped the loser's chart.
- ACCESSCORP topped the volume chart with 128.01m, and ARADEL topped the value chart with N6.62b.
- A total of 32 stocks gained points while 25 stocks lost points.
Sector update
- The NGX Banking Index lost 40bps on FIDELITYBK (-4.55%), UBA (-4.37%), WEMABANK (-0.62%), and FIRSTHOLDCO (-0.33%). GTCO (+0.08%), ZENITHBANK (+0.12%), FCMB (+0.84%), and ETI (+3.79%) gained points.
- The NGX Consumer Index gained 25bps on HONYFLOUR (+7.38%), DANGSUGAR (+3.17%), and NB (+0.65%). UNILEVER (-0.03%), and CHAMPION (-0.89%) lost points.
- The NGX Oil and Gas Index lost 4bps on OANDO (-1.11%).
- The NGX Industrial Index closed flat though CUTIX (-6.9%) lost points.
Earnings update
ARADEL, ACCESSCORP, FIRSTHOLDCO
Market commentary
Trade value dropped by 41.64% to $24.06m. The market closed lower as the bullish momentum in banking stocks continued to fade during the session. PRESCO was the biggest drag on the index, weighing heavily on overall market performance. Despite the softer market sentiment, banking names remained the centre of activity, with Tier-1 banks dominating the value chart and accounting for a significant share of traded value. A few notable cross trades were recorded, including 13.5 million shares of ACCESSCORP crossed at ₦24.15 and 4 million shares of ARADEL crossed at ₦1,400.00. However, the bulk of trading volume came from regular market transactions rather than negotiated crosses, highlighting continued broad-based participation across the market.
STOCK PICKS: GTCO, ZENITHBANK.
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