Welcome to Stanbic IBTC Stockbrokers
The largest stockbroking house in Nigeria, providing a comprehensive range of trading products and services
Top Gainer & Loser | ||||
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We service a broad range of clients, from local and foreign investors, multinationals, pension companies, asset management companies and high net worth individuals
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
Huge investor database which helps facilitate market making especially for bloc trades
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
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- The Nigerian bourse closed on a negative note as the ASI shed 35bps. The index is up 32.82% YTD.
- SUNUASSUR (+10.00%) topped the gainers chart, while HONYFLOUR (-9.89%) topped the losers table on the day.
- TRANSCORP led the volume and value charts with 125.7m and N1.89bn respectively.
- A total of 16 stocks gained points while 25 stocks lost points.
- The NGX Banking Index shed 294bps on FBNH (-9.88%), ZENITHBANK (-5.01%), ACCESSCO (-4.46%), FCMB (-3.70%), and GTCO (-2.59%). FIDELITYBK (+7.78%) and UBA (+0.66%) gained points.
- The NGX Consumer Goods Index shed 80bps on HONYFLOUR (-9.89%) and NESTLE (-8.89%).
- The NGX Oil and Gas Index closed flat.
- The NGX Industrial Index gained 30bps on WAPCO (+7.46%).
Nil
Value traded increased by 47.95% to $6.15m. The Nigerian bourse started the day on a positive note, but saw sentiments change midday, as offers overshadowed bids especially in the banking. Stock like ETI, FBNH and MTNN eventually traded on full offer. The price of NESTLE was also hit to N820.00 (-8.89%), contributing to the ASI’s drop. A few crosses were seen in the market, while we also saw 120m units of UPDCREIT cross off-market at N5.00. We expect market sentiments to remain mixed tomorrow.
STOCK PICKS: UBA, GTCO, ZENITHBANK, WAPCO.
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