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 January 2025
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 125bps. The index is up 2.53% YTD.
- MTNN (+10%) topped the gainer's chart, while RTBRISCOE (-10%) topped the loser's chart.
- UNIVINSURE topped the volume chart with 97.24m, and SEPLAT topped the value chart with N4.56b.
- A total of 34 stocks gained points while 25 stocks lost points.
Sector update
- The NGX Banking Index gained 170bps on ETI (+8.57%), FIDELITYBK (+5.07%), ZENITHBANK (+4.49%), STANBIC (+2.59%), ACCESSCORP (+0.82%), UBA (+0.59%). FBNH (-1.27%), FCMB (-1.44%), and WEMABANK (-2.18%) lost points.
- The NGX Consumer Index gained 46bps on HONYFLOUR (+9.89%), INTBREW (+3.85%), DANGSUGAR (+1.54%), CHAMPION (-1.18%), GUINNESS (-7.47%) lost points.
- The NGX Oil and Gas Index gained 4bps on OANDO (+0.4%).
- The NGX Industrial Index lost 17bps on WAPCO (-1.41%), CUTIX (+0.37%) gained points.
Earnings update
Nil
Market commentary
Value traded dropped by 47.07% to $8.42m. The market had most of its activities come from select names like SEPLAT, MTNN, and UNIVINSURE. The ASI trend was also positive all through. The gains on the ASI were largely due to interests seen in MTNN (+10.00%), TRANSCOHOT (+9.78%), ZENITHBANK (+4.49%) and PRESCO (+7.10%). The buying interest in MTNN continued as the FG Minster of Communications confirmed the possibility of a telco tariff increase. SEPLAT had been trading on offer but saw a buyer for up to 700k units of shares. Very few insurance names saw buying interests today.
STOCK PICKS: UBA, GTCO, ZENITHBANK, PRESCO.
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