BY BAMIDELE FAMOOFO
Top 10 equities dealers on the Nigerian Exchange Limited have executed transactions valued at N386.03billion as at March 4, 2021.
They were responsible for about 69.5 percent total market turnover recorded on the Exchange in the period. The Stockbroking firms also accounted for 54.06 percent of turnover volume in the market in the same period with over 15.36billion shares traded.
APT Securities and Funds (BRD) emerged the toast of investors as it executed more deals both in volume and value terms in the review period.
APT is a stockbroker firm and also in financial securities trading based in Lagos Nigeria. She is a member of the Nigeria Stock Exchange.
The Company accounted for 25.37 percent of total trade value in the period as it brokered deals valued at about N141.02billion in exchange of 3.92billion shares representing 13.8 percent of total market turnover volume.
Meristem Stockbrokers Limited was second on the value table with 66.19billion worth of share deals, accounting for 11.9 percent of turnover value while EFG Hermes Nigeria Limited brokered deals worth 32.64billion in the period.
Others Stockbroking firms on the top 10 turnover value list include Stanbic IBTC Stockbrokers Limited, N31.37 billion, representing 5.64 percent; Cordros Securities Limited, N28.82 billion or 5.19 percent; Cardinal Stone Securities Limited, N28.73 billion or 5.17 percent and Rencap Securities (Nig) Limited accounting for 3.82 percent of value with N21.24 billion.
Other value drivers in the market in the review period are CSL Stockbrokers Limited, N16.43 billion or 2.96 percent; Vetiva Capital Management Limited, N10.65 billion or 1.92 percent and Chapel Hill Denham Securities Limited, N8.96 billion or 1.61percent.
On the volume chart was Morgan Capital Securities Limited ranking behind APT Securities Limited with about 3.25billion shares accounting for 8.26 percent of aggregate turnover while Cardinal Stone Securities Limited traded 2.30billion shares from January to end of first week in March.
Cordros Securities Limited accounted for 5.56 percent of volume with about 1.58billion shares. Meristem Stockbrokers Limited, 1.36billion shares or 4.8 percent; EFG Hermes Nigeria Limited, 1.0billion shares (3.53%); Stanbic IBTC Stockbrokers Limited, 822.28million shares (2.89%); United Capital Securities Limited, 816.45 million ( 2.87%); CSL Stockbrokers Limited and Apel Asset Limited, 690.09 million and 521.56 million representing 2.43 percent and 1.84 percent of turnover volume respectively.
