Meristem, CSL, CardinalStones, Others Lead NSE’s Top Ten Stockbrokers For The Week

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The roles and the impacts of the stockbrokers in trading stock market securities such as shares, stocks, bonds amongst others cannot be overemphasized as they play vital roles in carrying out the day to day tradings on the stock exchange market.

The stockbrokers are the intermediaries between the listed companies and the trading public. Over the years they have been instrumental in trading stock market securities.

The brokerage firms licensed and approved by the Nigerian Stock Exchange (NSE) just like their counterparts in other countries have evolved over the years and have been key in the trading of local securities. A hand few of these stockbrokers account for the majority of the securities traded on the local bourse market.

The top ten stockbrokers accounted for 56.77% of the total deals traded on the Nigerian Stock Exchange for the week ended 13th December 2019.

The Top Ten NSE’s Stockbrokers By Volume

Edgefield Capital Management Limited: was the best performing stockbroker for the week. The group gulped 19.10% of the total deals that were on the Nigerian Stock Exchange trading floor. Edgefield Capital Management Limited transacted 398.97 million shares units to lead NSE top ten stockbrokers table for the week.

EFG Hermes Nigeria Limited: sold 113.17 million units of securities including shares, bonds amongst others for the week. The Tier-One brokerage firm accounted for 5.42% of the total deals that were traded on the Nigerian local bourse market. 

Chapel Hill Denham Securities Limited: Chapel Hill was involved in 4.98% of the total deals that exchanged hands during the course of the week. The brokage firm transacted 103.94 million securities units to claim the third spot position.

CSL Stockbrokers Limited: CSL was the fourth-best performing stockbroker for the week. The brokerage firm sold 100 million securities units for the week. They accounted for 4.79% of the total deals that were traded on the NSE.

 CardinalStone Securities Limited: CardinalStone made the stockbrokers fifth position theirs for the week. They transacted 96.65 million shares units thereby accounting for 4.63% of the total traded volume.

Stanbic IBTC Stockbrokers Limited: Stanbic IBTC was involved in 4.29% of the total traded volume for the week. The Tier One brokerage firm transacted 89.70 million shares units. 

Meristem Stockbrokers Limited: Meristem Securities sold 74.75 million securities units for the week ended Friday 13th December 2019. The company accounted for 3.58% of the total traded volume.

Rencap Securities Nigeria Limited: Rencap Securities finished in the eight positions for the week. The brokerage company was involved in 3.50% of the total traded volume for the week. Rencap Securities sold 73.15 million securities units for the week.

Falcon Securities Limited: Falcon Securities Limited transacted 70.80 million units for the week ended. The firm was responsible for 3.39% of the total traded volume on the Nigerian stock market.

FBN Quest Securities Limited: FBN Quest completed the ten top stockbrokers table by volume for the week. The company sold 64.61 million units in five days. This accounts for 3.09% of the total traded volume.

 

The Top Ten NSE’s Stockbrokers By Value

The top ten stockbrokers by value traded shares worth N22.09 billion for the week.

EFH Hermes Nigeria Limited: EFH Hermes Nigeria Limited was the best performing stock brokerage firm for the week based on the total value of stocks traded. The company ranked in N4.85 billion from various tradings made in five days. EFH Hermes accounted for 16.58% of the securities traded on the NSE based on their value. 

Meristem Stockbrokers Limited: Meristem Stockbrokers was responsible for 14.92% of the total traded value for the week. The stock brokerage firm traded securities worth N4.37 billion.

CSL Securities Limited: CSL Securities contributed 9.88% to the total traded securities value for the week. The company accounted for transactions worth N2.89 billion.

RENCAP Securities Nigeria Limited: RENCAP Securities sold securities valued at N2.72 billion for the week. The firm was responsible for 9.30% of the total deals traded by value.

Chapel Hill Denham Securities: Chapel Hill transacted 7.36% of the total value of the traded securities for the week. The company traded securities worth N2.15 billion.

FBN Quest Securities Limited: FBN Quest traded 4.79% of the total traded transactions based on value, worth N1.40 billion.

CardinalStone Securities Limited: CardinalStone traded transactions worth N1.16 billion for the week under review. The brokerage firm accounted for 3.97% of the total traded deals by value.

Stanbic IBTC Stockbrokers Limited: Stanbic IBTC Stockbrokers traded shares worth N1.16 billion for the week. The Tier-one brokerage firm accounted for 3.95% of the total traded shares for the week.

Tellimer Capital Limited: Tellimer Capital Limited was involved in 2.72% of the total traded deals by value for the week. The company sold securities totaled N796.63 million. 

FSDH Securities Limited: FSDH Securities Limited completed the top ten stockbrokers by value for the week. The firm was involved in 1.99% of the total deals that were transacted on the floor of the Nigerian Stock Exchange. FSDH Securities Limited was involved in deals valued at N581.91 million for the week.

The above article showed a breakdown of how the top tiers stockbrokers fared and how they rattle for deals worth billions of Naira for the week ended. The Nigerian Stock Exchange (NSE) with 170 listed companies remains the investors’ haven in Africa.

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