By Modupe Gbadeyanka
In the month of January 2020, top 10 stockbrokers licenced to operate in the Nigerian capital market were responsible for 49.15 percent (8.3 billion units) of the total volume of shares transacted in the month and 58.83 percent of the total value (N138.1 billion).
By volume, Mainstreet Bank Securities Limited contributed the highest with 8.38 percent, trading 1.4 billion units of stocks, while Cardinalstone Securities followed with 6.16 percent after transacting 1.0 billion units.
Coronation Securities traded 852.0 million shares (5.05 percent), CSL Stokebrokers transacted 794.5 million shares (4.71 percent), Morgan Capital Securities 792.3 million stocks (4.69 percent), EFG Hermes exchanged 763.5 million shares (4.52 percent), Chapel Hill Denham Securities transacted 751.7 million equities (4.45 percent), Edgefield Capital Management traded 716.4 million shares (4.24 percent), Rencap Securities exchanged 613.6 million stocks (3.63 percent), while Stanbic IBTC Stockbrokers transacted 559.3 million equities (3.31 percent).
In terms of value, Stanbic IBTC Stockbrokers took the top spot with a contribution of 15.24 percent, trading shares valued at N35.8 billion in the first month of the year.
EFG Hermes sold N20.7 billion shares (8.82 percent), Rencap Securities exchanged N18.5 billion stocks (7.88 percent), Chapel Hill Denham Securities transacted N12.5 billion equities (5.34 percent), CSL Stockbrokers traded N11.8 billion stocks (5.04 percent), Cardinalstone Securities transacted N9.4 billion shares (4.02 percent), Tellimer Capital exchanged N8.1 billion equities (3.46 percent), Imperial Asset Managers traded N7.8 billion shares (3.31 percent), Meristem Stockbrokers transacted N7.1 billion equities (3.01 percent), while Coronation Securities traded N6.4 billion stocks (2.73 percent).
