Ten leading stockbroking firms facilitated transactions worth ₦341.63 billion on the Nigerian Exchange (NGX) in January 2025, accounting for 56.13 per cent of the total market transaction value for the month.
According to the latest Broker Performance Report, these top brokers also handled 52.01 per cent of the total trading volume, executing 15.47 billion shares between January 1 and January 31, 2025.
Cardinalstone Securities led in transaction value, trading ₦89.32 billion worth of shares, representing 14.67% of the total. Stanbic IBTC Stockbrokers followed with ₦46.18 billion (7.59%), while APT Securities & Funds recorded ₦44.44 billion (7.30%). Other key players included Global Asset Management Nigeria (₦39.94 billion), Cordros Securities (₦31.79 billion), and Meristem Stockbrokers (₦31.72 billion).
On the volume side, Global Asset Management Nigeria led with 3.99 billion shares traded, representing 13.41 per cent of the total volume. Cardinalstone Securities followed with 2.34 billion shares (7.88%), while Morgan Capital Securities executed 1.80 billion shares (6.06%).
Meanwhile, investors in Nigerian equities recorded net capital gains of ₦1.95 trillion in January, with market capitalization closing at ₦64.71 trillion, up from ₦62.76 trillion at the start of the month. The NGX All-Share Index (ASI) also rose by 1.53 p during the period.
Looking ahead, Chief Operating Officer of InvestData Consulting Limited, Ambrose Omordion, expects mixed market sentiments in February as investors react to corporate earnings reports and dividend expectations. He advised investors to take advantage of price corrections, noting that portfolio rebalancing and sector rotation will continue amid high inflation and global economic trends.
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