Top ten stockbroking firms at the Nigerian Exchange Limited (NGX) traded equities worth N601.078billion in two months to February 2025.
Cardinalstone leads the packThese stockbroking firms according to the latest broker performance report are: Cardinalstone Securities Limited, APT Securities and Funds, Stanbic IBTC Stockbrokers Limited, Meristem Stockbrokers Limited, and Coronation Securities Limited.
Others are: Cordros Securities Limited, Global Asset Management-Nigeria Limited, Apel Asset Limited, Morgan Capital Securities Limited, and FBN Quest Securities Limited.Their deals represent 53.68% of total value of stocks exchanged
The value of stocks traded by these top ten stockbroking firm represents 53.68 percent of the total value of stocks exchanged on the NGX in the review two months period.Firms deal value …Details of the report show that Cardinalstone Securities Limited led the top-ten stockbrokers league after trading N154.821billion stocks or 13.83 percent of the total value of equities traded on the NGX in the review two months period.
It was followed by APT Securities and Funds which traded equities worth N87.295billion, representing 7.80 percent of the total value of stocks traded.Also, Stanbic IBTC Stockbrokers Limited traded N77.381billion equities or 6.91 percent of the total traded same period.
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