Nigeria
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 1 June 2023
Overview
- The Nigerian bourse closed on a positive note as the ASI gained 7bps. The index is up 8.89% YTD.
- CONOIL (+9.92%) topped the gainers chart while FTNCOCOA (-9.88%) topped the losers table on the day.
- ACCESSCORP led the volume chart with 51.31m and ZENITHBANK led the value chart with N1.09bn.
- A total of 30 stocks gained points while 20 stocks lost points.
Sector update
- The NGX Banking Index gained 95bps on STERLINGNG (+9.76%), JAIZBANK (+8.26%), WEMABANK (+2.50%), and FIDELITYBK (+1.96%). UBA (-1.01%) and ACCESSCO (-0.81%) lost points.
- The NGX Consumer Goods Index lost 26bps on CHAMPION (-9.62%), CADBURY (-6.18%), and NB (-2.03%). NASCON (+1.97%), FLOURMILL (+0.86%), and PZ (+0.59%) gained points.
- The NGX Oil and Gas Index gained 227bps on CONOIL (+9.92%), ETERNA (+9.74%), and TOTAL (+2.32%).
- The NGX Industrial Index closed flat.
Earnings update
Nil
Market commentary
Value traded dropped by 69.85% to $12.30m. The Nigerian bourse saw reduced activities today, as market sentiments were mixed in most spaces. A number of quality names found their settling points after moving in both directions in the last 2 days. The banking stocks continued to show the most activities in the day’s session, much of which were outside of crosses. We expect market sentiments to remain mixed tomorrow.
STOCK PICKS: UBA, GTCO, ZENITHBANK, DANGCEM, NESTLE.
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