Economy
Qualinvest Capital Emerges Most Active Stockbroker in June, Q2 2019
By Dipo Olowookere
A wholly-owned subsidiary of Wema Bank Plc, Qualinvest Capital Limited, has topped the best performing stockbroking companies in the month of June 2019 and second quarter of 2019, Business Post is reporting.
Last month, the company transacted the highest volume of shares in the country, contributing 48.62 percent to the 81.37 percent the top 10 firms added to the total volume of equities traded on the floor of the Nigerian Stock Exchange (NSE). The company traded 10.6 billion shares in the period under review.
Taking the second position was Stanbic IBTC Stockbrokers Ltd, which traded 2.1 billion units or 9.55 percent, while the third was EFG Hermes Nigeria Ltd, which sold 1.4 billion equities or 6.34 percent.
Occupying the fourth spot was APT Securities and Funds, which exchanged 1 billion shares or 4.67 percent, while the fifth was Rencap Securities Nigeria Ltd, transacting 693.4 million shares or 3.19 percent.
CSL Stockbrokers Ltd traded 640.6 million or 2.94 percent, Chapel Hill Denham Securities Ltd exchanged 394.6 million units or 1.81 percent, Quantum Zenith Securities and Investment Ltd transacted 341.7 million or 1.57 percent, Cardinalstone Securities Ltd sold 299.9 million shares or 1.38 percent, while Tellimer Capital Ltd traded 284.1 million equities or 1.31 percent.
In all, these 10 brokerage firms transacted a total of 17.7 billion shares in the month of June 2019.
On the value side, it was Stanbic IBTC Stockbrokers that claimed the top spot, recording transactions worth N87.6 billion or 29.67 percent of the trades last month.
APT Securities and Funds followed with N64 billion transactions or 21.69 percent, EFG Hermes recorded N30.1 billion trades or 10.18 percent, Rencap exchanged stocks valued at N24 billion or 8.14 percent, while CSL Stockbrokers sold equities worth N12.1 billion or 4.10 percent.
Tellimer Capital traded equities worth N6.9 billion or 2.32 percent, Chapel Hill Denham Securities sold shares valued at N6.8 billion or 2.29 percent, Qualinvest Capital exchanged stocks worth N6.7 billion or 2.28 percent, Quantum Zenith Securities and Investment sold shares valued at N6.6 billion or 2.22 percent, with Cordros Securities Ltd transacting N4.2 billion equities or 1.43 percent.
Business Post reports that from June 1 to 28, 2019, shares valued at N249 billion were transacted by these 10 companies and they contributed 84.33 percent of the total trades on the NSE.
In the second quarter of this year, Qualinvest Capital topped the best performing stockbrokers’ table, with 10.7 billion shares traded by the firm, contributing 20.85 percent to the total volume of trades.
Stanbic IBTC Stockbrokers sold 4.6 billion shares or 9.06 percent, Greenwich Trust executed 3.2 billion equities or 6.28 percent, Cardinalstone Securities exchanged 2.7 billion stocks or 5.24 percent, while EFG Hermes transacted 2.3 billion equities or 4.59 percent.
Rencap Securities transacted 2.2 billion shares or 4.34 percent of the total volume in Q2 2019, CSL Stockbrokers traded 1.9 billion shares or 3.76 percent, Morgan Capital Securities sold 1.8 billion equities or 3.61 percent, APT Securities traded 1.4 billion stocks or 2.79 percent, while Chapel Hill Denham transacted 1.3 billion or 2.66 percent.
In the period under consideration, the above companies traded a total of 32.3 billion shares, contributing 63.18 percent of the total volume of shares sold at the NSE.
In value terms, Stanbic IBTC Stockbrokers claimed the number one spot, trading stocks worth N148.2 billion or 22.39 percent of the total value of shares sold on the NSE from April 1, 2019 to June 28, 2019.
APT Securities and Funds occupied the second spot with N68.7 billion or 10.38 percent, while Rencap Securities claimed the third position for the N64.9 billion shares or 9.81 percent it recorded.
Coronation Securities sold N51.6 billion equities or 7.80 percent, EFG Hermes traded N43.7 billion stocks or 6.60 percent, CSL Stockbrokers transacted N37.6 billion shares or 5.68 percent, Chapel Hill Denham exchanged N25 billion shares or 3.77 percent, Tellimer Capital sold N19.2 billion equities or 2.90 percent, Cardinalstone Securities traded N18.8 billion shares or 2.84 percent, while FBN Quest Securities transacted N17.4 billion equities or 2.63 percent.
In all, the total value of stocks transacted by investors through these stockbrokers was N495 billion, contributing 74.80 percent of the total value of trades in Q2 2019.
By Adedapo Adesanya
Three securities lifted the NASD Over-the-Counter (OTC) Securities Exchange by 1.38 per cent on Friday, July 3, with the NASD Security Index (NSI) up by 58.80 points to 4,307.26 points from 4,248.46 points, and the market capitalisation closing higher by N35.30 billion to N2.585 trillion from N2.549 trillion.
The price gainers were led by 11 Plc, which expanded by N20.05 to close at N220.55 per share compared with the previous day’s N200.50 per share, FrieslandCampina Wamco Nigeria Plc increased by N5.36 to N151.82 per unit from N146.46 per unit, and Central Securities Clearing System (CSCS) Plc appreciated by N3.52 to N90.74 per share from N87.22 per share.
Yesterday, the value of transactions surged by 1,431.2 per cent to N160.1 million from the preceding session’s N10.5 million, and the volume of trades rose by 303.7 per cent to 1.8 million units from 440,653 units, while the number of deals decreased by 34.4 per cent to 21 deals from 32 deals.
Great Nigeria Insurance (GNI) Plc was the most traded stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units worth N6.5 billion, and CSCS Plc with 70.7 million units transacted for N4.9 billion.
GNI Plc was also the most traded stock by volume on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, followed by Infracredit Plc with 2.3 billion units exchanged for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.
By Dipo Olowookere
The losing streak on the Nigerian Exchange (NGX) Limited was halted on Friday after the bourse closed higher by 2.19 per cent at the close of trading activities.
The gains reported by Nigerian stocks were buoyed by renewed bargain-hunting by investors, which resulted in all the key sectors of Customs Street ended in the green territory.
The banking space rose by 2.78 per cent, the insurance counter appreciated by 1.26 per cent, the energy segment expanded by 0.36 per cent, the consumer goods index chalked up 0.06 per cent, and the industrial goods sector grew by 0.05 per cent.
Consequently, the All-Share Index (ASI) went up by 4,918.37 points to 229,240.34 points from 224,321.97 points, and the market capitalisation increased by N3.156 trillion to N147.103 trillion from N143.947 trillion.
Investor sentiment was bullish after 34 stocks ended on the price gainers’ chart and 18 stocks finished on the losers’ log, representing a positive market breadth index.
The quintet of The Initiates, Universal Insurance, DAAR Communications, Omatek, and Airtel Africa surged by 10.00 per cent to sell for N25.85, 88 Kobo, N1.65, N1.76, and N5,274.00, respectively.
On the flip side, International Energy Insurance lost 9.96 per cent to trade at N4.70, Meyer shed 9.95 per cent to close at N18.55, Veritas Kapital dropped 5.07 per cent to finish at N1.31, Fidelity Bank slipped by 2.17 per cent to N18.00, and Jaiz Bank crashed by 1.84 per cent to N28.12.
During the session, a total of 414.7 million equities worth N25.1 billion exchanged hands in 47,106 deals compared with the 855.4 million equities valued at N28.4 billion transacted in the preceding day in 51,609 deals, implying a contraction in the trading volume, value, and number of deals by 51.52 per cent, 11.62 per cent, and 8.73 per cent, respectively.
By Adedapo Adesanya
The Naira closed flat against the United States Dollar at N1,370.19/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, July 3.
However, it appreciated against the Pound Sterling in the same market segment by N2.29 to settle at N1,829.88/£1 compared with the previous day’s N1,832.17/£1, and marginally depreciated against the Euro by 4 Kobo to close at N1,568.32/€1 versus Thursday’s closing price of N1,568.28/€1.
At the parallel market, the Naira also traded flat against the US Dollar at N1,390/$1, and at the GTBank forex desk, it also maintained stability at N1,832/$1.
Market conditions improved shortly after the following minimal intervention by the Central Bank of Nigeria (CBN) through modest Dollar sales, which boosted liquidity and supported stronger trading activity.
Easing pressure came after half-year profit-taking tapered down, while continued stronger policy signals from the central bank add to near-term support.
Deals executed at the official market on Friday came in at $70.430 million across 82 interbank deals, from $85.517 million the previous day.
Meanwhile, the cryptocurrency market continued its recovery after June non-farm payrolls printed at 57,000, less than half the 113,000 consensus, sending the implied probability of a September Federal Reserve rate hike from 64 per cent to 54 per cent and dragging AI stocks sharply lower.
Weak labour data reduces inflationary pressure and, by extension, the Federal Reserve’s justification for holding rates elevated. That transmission mechanism is direct: lower rate-hike odds compress the opportunity cost of holding non-yielding assets like crypto.
Bitcoin regained the $62,000 mark after it rose by 1.3 per cent to $62,475.29.
Cardano (ADA) gained 6.6 per cent to trade at $0.1759, Ripple (XRP) appreciated by 3.5 per cent to $1.14, Ethereum (ETH) expanded by 2.4 per cent to $1,756.82, Dogecoin (DOGE) improved by 2.1 per cent to $0.0768, Solana (SOL) chalked up 1.8 per cent to $82.65, TRON (TRX) increased by 1.5 per cent to $0.3235, and Binance Coin (BNB) soared by 1.4 per cent to $569.12, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 apiece.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz4 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn