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 8 May 2025
Overview
- The Nigerian bourse closed the day on a positive note as the ASI gained 35bps. The index is up 6.13% YTD.
- CHELLARAM/ BETAGLAS (+10%) topped the gainer's chart, while ABBEYBDS (-10%) topped the loser's chart.
- FIDELITYBK topped the volume chart with 69.76m, and GTCO topped the value chart with N3.1b.
- A total of 38 stocks gained points while 21 stocks lost points.
Sector update
- The NGX Banking Index gained 102bps on STANBIC (+6.47%), ACCESSCORP (+1.16%), ETI (+1.06%), GTCO (+0.74%), and WEMABANK (+0.36%). FIDELITYBK (-0.25%) lost points.
- The NGX Consumer Index lost 134bps on NB (-5.67%), CHAMPION (-4.11%), HONYFLOUR (-2.75%), INTBREW (-1.84%), and PZ (-1.64%). CADBURY (+0.79%), and NASCON (+1.41%) gained points.
- The NGX Oil and Gas Index gained 7bps on OANDO (+0.82%), ETERNA (+0.11%).
- The NGX Industrial Index gained 98bps on BETAGLAS (+10%), TRIPPLEG (+2.04%), DANGCEM (+1.85%), CUTIX (+0.81%).
Earnings update
Nil
Market commentary
Value traded dropped by 23.11% to $8.89m. The market’s trends were positive again today, and banking names were the major drivers of the market’s upward trend. STANBIC (+6.47%) was the key gainer amongst the banks, and BETAGLASS (+10%) also saw good interests in the industrial space. Most of the market activities were from crosses. Some of the significant crosses seen were- 40m GTCO at N67.50, 47m FIDELITY N20.25, 12m ACCESSCORP at N21.80, 20m CUSTODIAN N17.95, 51.25m TANTALIZER N2.30, and 500k GEREGU at N1,027.14. We expect to see continued positive sentiments in the market tomorrow.
STOCK PICKS: UBA, GTCO, NESTLE, MTNN.
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