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 29 May 2025
Overview
- The Nigerian bourse closed the day on a negative note as the ASI lost 8bps. The index is up 8.64% YTD.
- MBENEFIT (+10%) topped the gainer's chart, while SEPLAT/ LEGENDINT (-10%) topped the loser's chart.
- UBA topped both the volume and value chart with 82.57m and N2.86b respectively.
- A total of 41 stocks gained points while 24 stocks lost points.
Sector update
- The NGX Banking Index gained 30bps on FIDELITYBK (+4.86%), WEMABANK (+3.91%), and ZENITHBANK (+0.1%), ACCESSCORP (-0.45%), and GTCO (-0.72%) lost points.
- The NGX Consumer Index gained 94bps on HONYFLOUR (+9.52%), NNFM (+6.4%), UNILEVER (+4.35%), INTBREW (+3.16%), NASCON (+2.59%), CHAMPION (+1.43%), CADBURY (+1.37%), NB (+0.53%), and DANGSUGAR (+0.25%).
- The NGX Oil and Gas Index lost 501bps on SEPLAT (-10%), and OANDO (-2.04%).
- The NGX Industrial Index closed flat even as CUTIX (+0.31%) gained points.
Earnings update
Nil
Market commentary
Value traded increased by 0.3% to $10.79m. Excluding the price drop witnessed in SEPLAT, market sentiments were mixed in other spaces initially seeing a marginal uptick. The price drop and weight of SEPLAT on the ASI however set the ASI in negative territory. The Nigerian bourse was active in and outside of crosses, and major crosses seen today were- 70m UBA at N34.70, 6m MTNN at N275.00, 30m NB at N56.50, 25m FIDELITYBK at N19.35, 1.5m OKOMUOIL at N650.00 and 6m ZENITHBANK at N48.50. The price drop in SEPLAT was the first trade related price movement in 6 months. We expect market sentiments to be mixed tomorrow.
STOCK PICKS: UBA, GTCO, ZENITHBANK, MTNN.
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