National Economy
Saturday, June 28, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Companies & Markets

10 Brokerage Firms Trade N3.14trn Worth Of Stocks In 12Months

by  BUKOLA ARO-LAMBO
6 months ago
in Companies & Markets
Reading Time: 2 mins read
Brokerage
Share on FacebookShare on TwitterShare on Telegram

You May Like

Firm Launches New Sun Protection Product To Champion Skin Health

Mouka Promises To Build Community Of Thriving Business Owners

Ten brokerage firms facilitated transactions valued at N3.138 trillion on the Nigerian Exchange (NGX) in the year 2024.
This was stated in the annual broker performance report recently released by the Nigerian Exchange (NGX) Limited.
The report said that “the value translated to 54.97 per cent of the cumulative trade executed on the exchange from January through December, 2024. While, in volume terms, the top ten brokerage forms conducted transactions totalling 118.954 billion shares between them, accounting for 42.75 per cent of the entire trade executed on the exchange in that period.”
Capital market analysts noted that despite concerns such as rising inflation, and interest rate hikes, investor confidence remained strong, leading to increased buying activity.
Among the stockbroking firms in Nigeria, CardinalStone Securities secured the highest position in the ranking, with a transaction value of N696.03 billion, which accounts for 12.19 per cent of the overall transaction value. Stanbic IBTC Stockbrokers followed closely with shares valued at N642.819 billion, representing 11.26 per cent of the total transaction value; while United Capital Securities recorded an estimated value of N341.060 billion in trades accounting for 5.98 per cent.
APT Securities & Funds facilitated transactions worth N286.526 billion, while Cordros Securities transacted shares valued at N283.007 billion in 2024.
Others are; EFG Hermes, FBN Quest Securities, Meristem Stockbrokers, CSL Stockbrokers, and Apel Asset, which facilitated deals valued at N190.048 billion, N189.941 billion, N188.153 billion, N175.429 billion, and N144.765 billion respectively.
Meanwhile, investors in Nigerian equities rallied net capital gains of about N21.845 trillion in the year 2024, as market capitalisation for the period went up to N62.763 trillion on December 31, 2024 from N40.918 trillion at which it opened trading for the year. Also, the key performance indicator of the NGX, the All-Share Index (ASI) went up by 37.72 per cent to close the year 2024 at 102,926.40 points from 74,773.77 points at which it opened trading for the year.
Speaking at the Closing Gong ceremony to end the 2024 trading activities, the chief executive officer, NGX, Jude Chiemeka, represented by the head of Trading and Products, Abimbola Babalola, said, “The year 2024 witnessed significant activity in the secondary market, a testament to the efforts of our trading license holders. Complementary macroeconomic fundamentals were instrumental, and we appreciate the impactful policy making by the Central Bank of Nigeria (CBN) and the Federal Ministry of Finance.”
On his part, group managing director/chief executive of Nigerian Exchange Group, Temi Popoola said, “Nigeria’s capital market has proven itself as a hub of resilience and innovation, consistently offering valuable opportunities for investors.
“The strong performance of our blue-chip companies over the past decade has been a key driver of returns, even amid challenging economic cycles. Inflationary pressures have made equities an attractive hedge, and strategic new listings have significantly boosted market activity.”

Tags: BrokerageStocks
ShareTweetShare
Previous Post

W/Bank Energises Africa To Promote Energy Development Plan

Next Post

Matawalle Presents 2025 Defence Budget to National Assembly

ANOTHER GOOD READ

Firm Launches New Sun Protection Product To Champion Skin Health
Companies & Markets

Firm Launches New Sun Protection Product To Champion Skin Health

6 days ago
Mouka Promises To Build Community Of Thriving Business Owners
Companies & Markets

Mouka Promises To Build Community Of Thriving Business Owners

6 days ago
Companies & Markets

Entrepreneurs Commend FCMB’s Training Programme

2 months ago
UBA Unveils Upgraded PoS Terminal, Revamped MONI App
Companies & Markets

UBA Unveils Upgraded PoS Terminal, Revamped MONI App

2 months ago
NGX Group, CSCS Commit To Gender Equality
Companies & Markets

NGX Group Calls For Strengthened Market Collaboration

2 months ago
Total Capital Expenditure For African Oil & Gas Reaches $43bn
Companies & Markets

Total Capital Expenditure For African Oil & Gas Reaches $43bn

2 months ago
Next Post
Matawalle Presents 2025 Defence Budget to National Assembly

Matawalle Presents 2025 Defence Budget to National Assembly

Most Recent

Nigeria’s Flag Team Set For Historic African Championship In Egypt

Nigeria’s Flag Team Set For Historic African Championship In Egypt

June 23, 2025
Akwa Ibom Govt  Dissolves Boards Of Akwa United,Others

Akwa Ibom Govt Dissolves Boards Of Akwa United,Others

June 23, 2025
Nwabali, Car Rental Company At Loggerheads After Father’s Funeral

Nwabali, Car Rental Company At Loggerheads After Father’s Funeral

June 23, 2025
Enugu Intensifies Plans For 23rd National Sports Festival

Enugu Intensifies Plans For 23rd National Sports Festival

June 23, 2025
Gaming, Gambling Addiction, A Growing Societal Burden Needing Urgent Attention

Gaming, Gambling Addiction, A Growing Societal Burden Needing Urgent Attention

June 23, 2025
Nigeria’s Aviation Future: Between Domestic Growth And National Pride

Nigeria’s Aviation Future: Between Domestic Growth And National Pride

June 23, 2025
Orijin Electrifies Ojude Oba With Vibrant Celebration Of Culture

Orijin Electrifies Ojude Oba With Vibrant Celebration Of Culture

June 23, 2025
Business Africa Elects NECA DG Into Executive Council

Business Africa Elects NECA DG Into Executive Council

June 23, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy