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 18 August 2026
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 35bps. The index is up 55.26% YTD.
- The Pension Index was negative, losing 75bps on the day and is up 74.98% YTD.
- HMCALL (+9.97%) topped the gainer's chart, while REDSTAREX (-10%) topped the loser's chart.
- STERLINGNG topped the volume chart with 51.57m, and MTNN topped the value chart with N9.76b.
- A total of 22 stocks gained points while 36 stocks lost points.
Sector update
- The NGX Banking Index lost 182bps on FIDELITYBK (-6.59%), FIRSTHOLDCO (-5.71%), FCMB (-1.67%), GTCO (-0.39%), UBA (-0.33%), and ZENITHBANK (-0.16%). ACCESSCORP (+0.37%), and WEMABANK (+1.04%) gained points.
- The NGX Consumer Index lost 13bps on UNILEVER (-3.63%), DANGSUGAR (-1.57%), CHAMPION (-1%), INTBREW (-0.94%). HONYFLOUR (+0.58%), and NB (+1.47%) gained points.
- The NGX Oil and Gas Index lost 1bp on JAPAULGOLD (-2.03%), and OANDO (-0.28%).
- The NGX Industrial Index closed flat as MEYER (-9.88%) lost while CUTIX (+1.75%) gained points.
Earnings update
MTNN, SEPLAT, FCMB
Market commentary
Trade value increased by 20.09% to $20.33m. Market trends were bearish again today, with FIRSTHOLDCO (-5.71%), FIDELITYBK (-6.59%), and UNILEVER (-3.63%) being the key loss drivers. The value names dominated market activities. Most notable was an off-market cross of 10.89m MTNN at N724.50. Market crosses were- 160k SEPLAT at N11,100, and 38.27m FCMB at N11.75. FIRSTHOLDCO, STERLINGNG and HBMNG had good volumes outside of crosses. Almost all sectors closed negative, but with marginal changes.
STOCK PICKS: GTCO, ZENITHBANK.
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