The Top-10 brokers continued to dominate activities on the Nigerian Stock Exchange (NSE) for the month of May, led as always by the same companies, except for a few new entrants.
While the Top-10 accounted for 9.268bn shares, representing 61.98% of total for the month; they pooled N275.273bn or 86.42% of total transaction value for the period under review.
For the month of May however, Stanbic IBTC Stockbrokers Limited and Rencap Securities Ltd, however dominated the volume and value side, occupying the first two spots on both side, helped by Thursday’s crossing of 1.14bn units of its parent- Stanbic IBTC Holdings at N53.75 each in eight deals to Stanbic Africa Holdings Limited (a wholly owned subsidiary of Standard Bank Group Limited) and parent company of Stanbic IBTC Holdings Plc. The deal resulted from an “off-market” transaction believed to have been facilitated by the duo of Stanbic IBTC Stockbrokers and Rencap Securities.
At the end of May therefore, Stanbic IBTC Stockbrokers recorded 2.597bn units or 17.37%; worth N102.997bn or 32.34% of total value for the month; while Rencap accounted for 1.778bn units or 11.89% and N76.971bn or 24.17%.
CSL Stockbrokers Ltd crossed 1.584bn units for the month, representing 10.59% of total; followed by EFCP Limited with 812.881m or 5.44%; Morgan Capital Securities traded 532.939m shares or 3.56%; FBNQuest Securities Ltd, 527.978m, or 3.53%; ahead of Cardinalstone Securities, 438.424m units or 2.93%; Meristem Stockbrokers, 431.777m units or 2.89%; among others.
In value terms for the month also, EFCP came behind Rencap, after accounted for N37.299bn, or 11.71% of total transaction; while CSL Stockbrokers placed fourth with N24.736bn or 7.77%; just as FBNQuest Securities recorded N13.508bn or 4.24%. Zenith Securities accounted for N5.825bn or 1.83%; and Chapel Hill Denham Securities, N4.44bn or 1.39%.
On a year-to-date basis however, while Stanbic IBTC maintain the lead in terms of value, United Capital Securities Ltd takes the lead in volume term, after crossing 11.322bn units or 9.47%; ahead of Stanbic IBTC’s 9.856bn or 8.25%; while CSL Stockbrokers followed closely with 9.051bn or 7.57%; and Cardinalstone, 5.108bn units or 4.27%.
Stanbic IBTC’s trade YTD was valued at N280.766bn or 19.91% of total; while Rencap followed with N177.705bn or 12.6%; with CSL coming closely with N162.891bn or 11.56%.
YTD, the top 10 stockbrokers crossed 59.38bn units or 49.68% of total; just as they accounted for N966.419bn or 68.52% of total transaction value for the period.