EFG Hermes Nigeria, Cordros Securities, and Rencap Securities led the list of top-performing stockbroking firms in February 2022, jointly trading in stocks worth N45.6 billion in the month under review.
This is contained in the broker performance report released by the Nigerian Exchange Group (NGX) for the month of February 2022.
According to the report, the top 10 stockbroking firms traded in stocks valued at N101.62 billion in the review month, representing 55.08% of the total value of shares traded. However, this is 62.2% lower than the N268.86 billion recorded by the top firms in the previous month.
On the other hand, Cardinalstone, Morgan Capital, and Meristem Stockbrokers led the list in terms of volume of traded shares, as the top 10 firms brokered the sale of 5.7 billion units of shares in the month, accounting for 44.82% of the total traded shares. Top stockbrokers by value
The top 10 performing stockbroking firms in February 2022 traded a sum of N101.62 billion worth of shares, representing 55.08% of the total value of shares traded in the month under review. EFG Hermes Nigeria Limited led the list, having traded in stocks worth N20.37 billion which accounted for 11.04% of the entire value of shares traded at the exchange in the review month. This also represents a significant increase compared to N10.89 billion worth of shares brokered in the previous month.
Cordros Securities Limited – BRD followed with a total value of N13.35 billion traded stocks, representing 7.24% of the total shares traded on the floor of the exchange in February 2022.
Rencap Securities (Nig) Limited traded in stocks worth N12.08 billion to stand in third position, which represents 6.55% of the entire shares traded at the exchange in the review month.
Cardinal Stone Securities Limited retained the fourth position on the list, having traded in stocks worth N11.15 billion, accounting for 6.04% of the total shares traded in the month.
CSL Stockbrokers Limited traded in stocks worth N9.65 billion representing 5.23% of the entire value of shares traded at the exchange.
Other stockbroking firms on the list include Stanbic IBTC Stockbrokers Limited with stocks traded worth N9.33 billion, Meristem Stockbrokers Limited (N8.84 billion), WSTC Securities Limited (N6.58 billion), APT Securities and Funds (N5.71 billion), and United Capital Securities Limited (N4.56 billion).
Top stockbrokers by volume The top performing stockbrokers in February by volume, brokered the exchange of 5.7 billion units of […]