Welcome to Stanbic IBTC Stockbrokers
The largest stockbroking house in Nigeria, providing a comprehensive range of trading products and services
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We service a broad range of clients, from local and foreign investors, multinationals, pension companies, asset management companies and high net worth individuals
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
Huge investor database which helps facilitate market making especially for bloc trades
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
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The Nigerian bourse closed the day on a positive note as the ASI gained 108bps. The index is up 42.86% YTD.
UACN (+10%) topped the gainer's chart, while UNIONDICON (-10%) topped the loser's chart.
ZENITHBANK topped both the volume and value chart with 59.46m and N3.64b respectively.
A total of 37 stocks gained points while 16 stocks lost points.
- The NGX Banking Index gained 131bps on FCMB (+3.81%), ACCESSCORP (+2.87%), ZENITHBANK (+2.81%), UBA (+2.17%), GTCO (+1.14%), and FIDELITYBK (+1.05%). ETI (-1.08%) lost points.
- The NGX Consumer Index gained 83bps on NB (+7.14%), PZ (+1.13%), HONYFLOUR (+0.78%), and DANGSUGAR (+0.19%). CHAMPION (-1.73%), and MCNICHOLS (-2.26%) lost points.
- The NGX Oil and Gas Index lost 8bps on OANDO (-1.27%).
- The NGX Industrial Index gained 206bps on DANGCEM (+4.57%). CUTIX (-0.33%) lost points.
NIL
Value traded dropped by 22.82% to $10.17m. The market was on a positive trend this week, and the drivers of market gains were- DANGCEM (+4.57%), and TRANSCOHOTEL (+9.71%). The most volumes were from crosses, and the significant crosses seen were- 40m ZENITHBANK at N61.00, 3.9m MTNN at N469.00, 8m ACCESSCORP at N20.90, and 12m FIDELITY at N19.00. The market had its most volumes in banking names, and we expect sentiments to remain positive on Monday.
STOCK PICKS: UBA, GTCO, ZENITHBANK, MTNN.
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