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.