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The largest stockbroking house in Nigeria, providing a comprehensive range of trading products and services
The Dangote IPO
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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 19 October 2026
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 91bps. The index is up 57.62% YTD.
- The Pension Index was negative, losing 78bps on the day and is up 79.75% YTD.
- MULTITREX (+10%) topped the gainer's chart, while VITAFOAM (-10%) topped the loser's chart.
- ACCESSCORP topped the volume chart with 23.44m, and ARADEL topped the value chart with N3.84b.
- A total of 14 stocks gained points while 40 stocks lost points.
Sector update
- The NGX Banking Index lost 140bps on ETI (-4.76%), WEMABANK (-3.55%), UBA (-2.33%), ACCESSCORP (-1.93%), ZENITHBANK (-1.59%), GTCO (-1.44%), FIDELITYBK (-1.19%), and FIRSTHOLDCO (-0.51%). FCMB (+0.46%) gained points.
- The NGX Consumer Index lost 16bps on VITAFOAM (-10%), and DANGSUGAR (-0.37%). UNILEVER (+0.49%), HONYFLOUR (+0.57%), and MCNICHOLS (+1.92%) gained points.
- The NGX Oil and Gas Index lost 6bps on ETERNA (-2.87%), JAPAULGOLD (-1.96%), and OANDO (-1.72%).
- The NGX Industrial Index lost 290bps on CUTIX (-9.79%), and DANGCEM (-5.5%). CAP (+0.05%), and AUSTINLAZ (+9.93%) gained points.
Earnings update
UBA, HONYFLOUR, UNILEVER, ACCESSCORP, FIRSTHOLDCO
Market commentary
Trade value increased by 38.25% to $13.45m. The market was net negative for most of today but lost significant points on the back of losses in DANGCEM (-5.50%). More of today’s volumes were outside of crosses. The most significant crosses were however in ARADEL, UBA, HONYFLOUR and ACCESSCORP. As most of the value names only had marginal price movements, almost all sectors closed the day negative.
STOCK PICKS: GTCO, ZENITHBANK.
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