Interstate, Cardinalstone, EFG, Lead NGSE 2020 Top-10 Equity Volume Drivers

Trading on the Nigerian Stock Exchange (NSE) for the year closed on Thursday, December 31, 2020, on a bullish note, with the benchmark All-Share Index chalking 1.92% to close at 40,270.72 basis points, leaving year-to-date return at 50.03%, while market capitalisation ended the year at N21.06tr.

Trading ended with stockbrokers crossing a total of 710.71m shares worth N10.08bn in 4,396 deals.

Data by the NSE on Thursday, noted that the top 10 stockbrokers accounted for a total of 94.527bn shares of various companies, representing 48.75% of the year’s total volume movement, with the top five pooling all of 32.3% for the period.

Interstate Securities Limited traded 19.291bn or 9.95%; Cardinalstone Securities Limited followed with 14.008bn or 7.22%; while EFG Hermes Nigeria Limited exchanged 10.871bn units or 5.61%.

Morgan Capital Securities accounted for 10.312bn shares or 5.32%; Stanbic IBTC Stockbrokers Limited was next with 8.148bn units or 4.2%; Rencap Securities Nigeria, 7.262bn or 3.75%; and Meristem Stockbrokers Limited, 6.708bn or 3.65%. Chapel Hill Denham Securities Limited traded 5.924bn shares or 3.06% of the year’s total volume on behalf of its clients; CSL Stockbrokers followed with 5.924bn units or 2.54%; and Apel Asset Limited, 4.924bn shares or 2.54% of the year 2020 total.

In terms of transaction value for the year under review, however, the top-10 stockbrokers pooled N1.17tr or 53.87% of the total, led by Stanbic IBTC Stockbrokers Limited with N218. Les meilleurs produits de parapharmacie à prix discount Sur notre site, vous trouverez les meilleures références de la parapharmacie au meilleur prix. 14bn or 10.04%; while EFG Hermes ranked second position with its N208.857bn or 9.61%.

Rencap Securities came third with its N183.662bn transaction value or 8.45% of the year’s total; Cardinal Stone Securities, N128.835bn or 5.83%; CSL Stockbrokers, N96.011bn or 4.42%; Chapel Hill, N88.03bn or 4.05%; Cordros Securities Limited, N69.268bn; and Meristem Stockbrokers, N69.705bn or 3.19%. FBN Quest Securities accounted for N61.634bn or 2.32%; while ABSA Securities Nigeria completed the table with N59.384bn or 2.32%.