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 16 September 2025
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 8bps. The index is up 37.52% YTD.
- CUSTODIAN (+9.94%) topped the gainer's chart, while AUSTINLAZ (-6.27%) topped the loser's chart.
- GTCO topped both the volume and value chart with 32.89m and N3.12b respectively.
- A total of 22 stocks gained points while 27 stocks lost points.
Sector update
- The NGX Banking Index lost 30bps on UBA (-2.28%), FIDELITYBK (-2.14%), FCMB (-0.92%), STERLINGNG (-0.66%), and ZENITHBANK (-0.29%). ACCESSCORP (+0.37%) and GTCO (+0.85%), 0 (0%), 0 (0%), 0 (0%) gained points.
- The NGX Consumer Index lost 39bps on CHAMPION (-4.26%), INTBREW (-4.17%), and DANGSUGAR (-0.58%), NB (-0.36%). UNILEVER (+0.27%), HONYFLOUR (+5.50%), and GUINNESS (+6.92%) gained points.
- The NGX Oil and Gas Index gained 14bps on OANDO (+1.58%).
- The NGX Industrial Index closed flat.
Earnings update
NIL
Market commentary
Value traded dropped by 46.19% to $8.68m. The market was relatively quiet again outside of some crosses and we saw these in GTCO, where a total of about 25m shares were crossed at N95.00 and also in GUINNESS, where we saw 1m shares crossed at N145.00. Outside of the crosses the banks were the major drivers of activities again today even as we still expect results from some of the major banks. We expect to see a similar pattern of trading tomorrow.
STOCK PICKS: UBA, GTCO, ZENITHBANK, MTNN.
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