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 12 May 2025
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 43bps. The index is up 5.18% YTD.
- SMURFIT/ MEYER/ MULTIVERSE (+10%) topped the gainer's chart, while ETRANZACT (-10%) topped the loser's chart.
- TANTALIZER topped the volume chart with 49.19m, and MTNN topped the value chart with N4.38b.
- A total of 39 stocks gained points while 26 stocks lost points.
Sector update
- The NGX Banking Index lost 24bps on FCMB (-3.12%), FIDELITYBK (-2%), ZENITHBANK (-0.2%), and GTCO (-0.07%). UBA (+0.14%) gained points.
- The NGX Consumer Index lost 54bps on HONYFLOUR (-3.08%), NB (-2.46%), DANGSUGAR (-2.26%), and VITAFOAM (-1.7%). CHAMPION (+7.81%) gained points.
- The NGX Oil and Gas Index lost 63bps from shares that were marked down for dividend. OANDO (+4.41%) however gained points.
- The NGX Industrial Index lost 62bps from shares that were marked down for dividend. CUTIX (+1.6%), BETAGLAS (+9.99%), and MEYER (+10%) however gained points.
Earnings update
Nil
Market commentary
Value traded dropped by 4.01% to $6.68m. The market was quiet in most spaces. Outside of MTNN that saw crosses including 10m units at N270.00 and 3.8m at N279.00, and ZENITHBANK which saw improved interest towards the close of the day’s session, most other spaces were quiet. Market sentiments were also mixed to net negative, and MTNN (-2.07%) was most responsible for drop seen in the ASI. Manty of the value names only had marginal price changes today. Beside the crosses in MTNN we also saw 10m ACCESSCORP cross at N21.35, and 46m TANTALIZER cross at N2.30. We expect quiet activities in the market tomorrow.
STOCK PICKS: UBA, GTCO, NESTLE, MTNN.
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