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 17 April 2026
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 249bps. The index is up 39.56% YTD.
- TRANSEXPR/ NAHCO (+10%) topped the gainer's chart, while MECURE (-9.96%) topped the loser's chart.
- STERLINGNG topped the volume chart with 383.85m, and ARADEL topped the value chart with N9.75b.
- A total of 43 stocks gained points while 27 stocks lost points.
Sector update
- The NGX Banking Index gained 364bps on ETI (+9.97%), ACCESSCORP (+9.93%), UBA (+4.35%), STANBIC (+3.29%), FCMB (+2.55%), ZENITHBANK (+1.61%), FIDELITYBK (+1.52%), and GTCO (+0.39%). WEMABANK (-1.45%) lost points.
- The NGX Consumer Index gained 123bps on MCNICHOLS (+9.35%), BUAFOODS (+3.33%), PZ (+1.7%), VITAFOAM (+0.92%). NB (-0.68%), DANGSUGAR (-2.86%), CHAMPION (-3.33%), and HONYFLOUR (-9.52%) lost points.
- The NGX Oil and Gas Index gained 329bps on ARADEL (+6.56%) and OANDO (+3.66%).
- The NGX Industrial Index gained 68bps on DANGCEM (+1.6%).
Earnings update
GTCO, ZENITHBANK, STERLINGNG, SEPLAT, DANGCEM, ARADEL.
Market commentary
Value traded increased by 56.73% to $40.16m. We saw the positive momentum continue in the market today and this was largely driven by the banking sector again with ZENITHBANK leading the volumes. We saw 70m shares traded there on the day and at the open, about 20m shares were crossed at N124.50 before the stock went higher. We also saw over 361m STERLINGBNK shares traded in the market today. The buyers were mostly local again today and we expect to see the momentum continue on Monday.
STOCK PICKS: GTCO, ZENITHBANK.
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