Top 10 stockbroking firms agent bargains worth N77.54 billion in August 2022

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The main ten stockbroking firms in the Nigerian securities exchange exchanged stocks worth N77.54 billion in the long stretch of August 2022, representing 61.81% of the complete arrangements facilitated in the month. This is as indicated by data got from the Broker Performance Report, delivered by the Nigerian Exchange Group (NGX).

A sum of 9.36 billion offers were exchanged on the floor of the trade worth N125.45 billion in August 2022, addressing 19.5% and 21.1% expansion when contrasted with the 7.84 billion offers exchanged at N103.63 billion the earlier month separately.

The All-Share Index of the Nigerian Exchange declined by 1.06% to close the month at 49,836.51 premise focuses from 50,370.25 focuses recorded the earlier month. In the mean time, Cordros Securities, Stanbic IBTC, and Cardinalstone Securities drove the rundown of firms with the most noteworthy worth of exchanged shares, together representing 31.96% of the all out exchanges recorded.

Stockbrokers by esteem
The main ten stockbrokers exchanged N77.64 billion worth of offers August 2022, addressing 61.81% of the complete worth of offers exchanged on the Nigerian Stock Exchange that period

Cordros Securities Limited exchanged the most worth of offers the long stretch of August, representing 11.66% of the whole trade. The firm exchanged shares worth over N14.62 billion the audit period. This mirrors an exceptionally dynamic month for the protections firm, which were not among July’s best ten.

Stanbic IBTC Stockbrokers firmly followed, with a complete worth of N14.01 billion worth of stocks exchanged, addressing 11.17% of the trade’s aggregate.

Cardinalstone Securities Limited facilitated the exchange of offers esteemed at N11.45 billion, representing 9.13% of the trade’s absolute worth.

EFG Hermes Nigeria Limited recorded exchanges worth N10.28 billion, a huge increment on July’s N6.16 billion figure. The organization represented 8.19% of August’s dealings on the trade.

FBN Quest Securities Limited exchanged N7.01 billion worth of stock, addressing 5.59% of the trade’s aggregate, regardless of seeing a 39.7% downfall from July.

Others on the rundown incorporate CSL Stockbrokers (N6.44 billion), Meristem Stockbrokers (N4.59 billion), Newdevco Finance Service (N4.05 billion), Security Swaps (N2.66 billion), and Apel Asset with exchanges worth N2.43 billion.
Stockbrokers by volume

The main ten stockbrokers exchanged 4.96 billion units of offers August 2022, addressing 53% of the absolute offers exchanged on the Nigerian Stock Exchange the survey month.

Cordros Securities Limited was the most dynamic firm in August, exchanging 1.1 billion offers, addressing 11.74% of the complete exchanged on the trade. This action was a sharp increase from July, as the organization was not in the main ten in that time span.

Cardinalstone Securities Limited followed with 872.9 million offers exchanged, which represented 9.33% of the market complete in the month under survey.

Meristem Stockbrokers Limited exchanged 582.2 million offers August, 6.22% of the trade’s complete for the month.
Stanbic IBTC Limited expedited the exchange of 512.6 million offers, addressing 5.48% of the complete offers exchanged the survey month.

Morgan Capital Securities Limited balances the main five, exchanging 417.9 million units of offers in August, 4.46% of the trade’s aggregate.

Parthian Securities (N417.17 million), FBN Quest Securities (N329.04 million), Apt Securities (N275.4 million), EFG Hermes (N261.4 million), and CSL Stockbrokers (N193.1 million),

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