Welcome to Stanbic IBTC Stockbrokers
The largest stockbroking house in Nigeria, providing a comprehensive range of trading products and services
View Market Summary
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 9 September 2024
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 24bps. The index is up 28.66% YTD.
- TANTALIZER (+10%) topped the gainer's chart, while JBERGER (-10%) topped the loser's chart.
- JAIZBANK topped the volume chart with 247.04m, and ZENITHBANK topped the value chart with N6.42b.
- A total of 34 stocks gained points while 20 stocks lost points.
Sector update
- The NGX Banking Index gained 68bps on FBNH (+8.84%), STANBIC (+0.17%), FCMB (-1.3%), ZENITHBANK (-1.33%), ACCESSCORP (-1.33%) lost points.
- The NGX Consumer Index lost 43bps on PZ (-5.26%), NASCON (-2.58%), INTBREW (-2.08%), DANGSUGAR (-1.26%), HONYFLOUR (+1.52%), UNILEVER (+5%) gained points.
- The NGX Oil and Gas Index gained 114bps on ETERNA (+10%), JAPAULGOLD (+9.76%).
- The NGX Industrial Index lost 4bps on CUTIX (-6%), WAPCO (-0.55%).
Earnings update
Nil
Market commentary
Value traded increased by 21.82% to $9.03m. Value traded increased by 73.01% to $9.025m. Activities were dominated by block trades. The highlight of the day was a cross of 137m ZENITHBANK shares at N37.00 (+local investors on both sides). Other crosses were in JAIZBANK (+234m at N2.17) and FBNH (+15m at N24.00) – mostly local. Also, GTCO traded good volume at N45.40 (+flat), while both OANDO and UACN traded and closed at limit up. We expect activities to be driven by crosses again tomorrow.
STOCK PICKS: UBA, GTCO, ZENITHBANK, WAPCO.
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