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 28 March 2025
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 22bps. The index is up 2.66% YTD.
- ABBEYBDS/ UPDC (+10%) topped the gainer's chart, while AFRIPRUD/ INTENEGINS (-10%) topped the loser's chart.
- MBENEFIT topped the volume chart with 73.94m, and ARADEL topped the value chart with N6.43b.
- A total of 24 stocks gained points while 32 stocks lost points.
Sector update
- The NGX Banking Index gained 128bps on GTCO (+7.08%), ACCESSCORP (+1.59%), and UBA (+0.14%). FCMB (-0.51%), FIDELITYBK (-0.78%), ZENITHBANK (-1.67%), and WEMABANK (-1.83%) lost points.
- The NGX Consumer Index gained 21bps on NNFM (+9.96%), NASCON (+6.86%), NESTLE (+2%), and NB (+1.49%). HONYFLOUR (-1.59%), DANGSUGAR (-4.06%), and CADBURY (-9.42%) lost points.
- The NGX Oil and Gas Index lost 2bps on ARADEL (-0.99%). OANDO (+0.52%), MRS (+4.67%), and TOTAL (+6.7%) gained points.
- The NGX Industrial Index closed flat as CUTIX (+0.4%) gained.
Earnings update
Nil
Market commentary
Value traded increased by 135.45% to $14.02m. It was a busy day in the market today and the highlight was the release of GTCO's FY numbers with a dividend of N7.03 which delighted investors. GTCO was lifted as high as N70.00 before closing at N68.80 and over 67m shares traded in total on the day. Crosses today included 2.18m NESTLE at N1020.00, 3.5m GEREGU at N650.00 (off mkt), 56m CUTIX at N2.49 and 11.8m ARADEL at N500.00. We expect activities to continue next week in a similar manner.
STOCK PICKS: UBA, GTCO, NESTLE, MTNN.
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