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 31 October 2025
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 29bps. The index is up 49.74% YTD.
- LEARNAFRCA / JBERGER (10%) topped the gainer's chart, while ETERNA / MCNICHOLS / DEAPCAP (-10%) topped the loser's chart.
- CORNERST topped both the volume and value chart with 4.68b and N22.13b respectively.
- A total of 30 stocks gained points while 35 stocks lost points.
Sector update
- The NGX Banking Index gained 83bps on ACCESSCORP (+6.3%), STERLINGNG (+1.97%), STANBIC (+1.82%), FCMB (+1.42%), UBA (+0.75%), and GTCO (+0.56%). ETI (-2.38%) lost points.
- The NGX Consumer Index lost 22bps on HONYFLOUR (-9.09%), DANGSUGAR (-3.66%), NASCON (-3.42%), and GUINNESS (-0.6%). NB (+0.42%) and PZ (+3.75%) gained points.
- The NGX Oil and Gas Index gained 13bps on OANDO (+2.67%). JAPAULGOLD (-0.42%) and ETERNA (-10%) lost points.
- The NGX Industrial Index gained 106bps on BUACEMENT (+2.86%).
Earnings update
MTNN, UBA, ACCESSCORP, FIRSTHOLDCO, ZENITHBANK, NGXGROUP
Market commentary
Value traded increased by 28.61% to $31.63m. It was a busy day in the market and the highlight of the session was an off-market cross of 4.6bn CORNERSTONE shares at an avg of N5.05 (local) worth N22bn on one side. On market, we saw GTCO dominate trading activities with over 66m shares traded, most of which was crossed at various levels. Trades in GTCO were mostly foreign in our view. We also saw decent volumes in OANDO, ZENITHBANK, GUINNESS, ACCESSCO at NB. In GUINNESS, we saw 7.5m shares crossed at N172.95 and we also saw 13.6m NB crossed at N71.50. We expect another busy session on Monday.
STOCK PICKS: ACCESSCORP, GTCO, ZENITHBANK, MTNN.
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