In the first half of the year, ten top stockbroking firms dominated, handling equities transactions valued at about N541.2billion.
This was achieved despite a bearish first half on the Nigerian Exchange — a selloff that occurred mostly due to investors moving their funds into fixed income and less volatile investments.
According to the Broker Performance Report released by the Nigerian Exchange Group for the half-year period of 2021, these to ten firms have raked in a fortune from fees and commission charges as they processed trades of 39.34 billion units of shares valued at N541.21 billion in the said period.
The volume of shares traded in the review period represented 42.78% of the total trades registered. In terms of value, it accounted for 52.11% of the total.
In contrast to the corresponding previous periods, the value of N541.21 billion represents a decline as against N597.44 billion and N772.15 billion recorded in H1 2020 and H1 2019 respectively.
According to the report, Cardinalstone and Morgan Capital led the list by volume while Stanbic IBTC and Investment One stood on top by value.
Accounting for 52.11% of the total value of shares traded in the bourse, the top 10 stockbroking firms traded in shares valued at N541.21 billion.
The top 10 performing stockbroking firms by value traded a total of 39.34 billion units of shares, accounting for 42.78% of the total traded stocks in H1 2021.
|OMOLUABI MORTGAGE BANK PLC||0.60||0.60||0.00|
|ACCESS BANK PLC||16.85||16.85||0.00|
|FIDELITY BANK PLC||8.10||8.35||3.09|
|TRANSNATIONAL CORPORATION OF NIGERIA PLC||6.01||6.61||9.98|