RENCAP SECURITIES (NIG) LIMITED, STANBIC IBTC STOCKBROKERS LIMITED & EFCP LIMITED have emerged as top three best stockbroking firms for the month of February 2018.
In the latest monthly broker performance report for February 2018 released by the Nigerian Stock Exchange (NSE), RENCAP SECURITIES (NIG) LIMITED, STANBIC IBTC STOCKBROKERS LIMITED & EFCP LIMITED led the top 10 stockbrokers’ performance table in value terms, while APEL ASSET LIMITED – BRD, CARDINALSTONE SECURITIES LIMITED & REWARD INVESTMENT AND SERVICES LIMITED led top 10 in volume terms.
According to the NSE report, the 10 leading stockbrokers accounted for 60.77 percent or N128.9 billion of the total value of trade and 50.92 percent of the total volume between February 2nd and 28th, 2018.
Of this figure, RENCAP SECURITIES (NIG) LIMITED accounted for N26.7 billion or 12.56 percent to lead the other stockbrokers on value terms. Also on the volumes table, APEL ASSET LIMITED – BRD traded N2.8 billion shares or 11.97 percent of the total volume in the period under review.
| Rank | Broker | Description | Quantity | % of Volume | |||
| 1 | APEL | APEL ASSET LIMITED – BRD | 2,861,124,669 | 11.97 | |||
| 2 | CSSL | CARDINALSTONE SECURITIES LIMITED | 2,375,753,988 | 9.94 | |||
| 3 | RWD | REWARD INVESTMENT AND SERVICES LIMITED | 1,123,047,445 | 4.70 | |||
| 4 | RSNL | RENCAP SECURITIES (NIG) LIMITED | 1,034,965,806 | 4.33 | |||
| 5 | MERI | MERISTEM STOCKBROKERS LIMITED | 1,021,607,926 | 4.28 | |||
| 6 | CSL | CSL STOCKBROKERS LIMITED | 985,675,982 | 4.13 | |||
| 7 | SISB | STANBIC IBTC STOCKBROKERS LIMITED | 815,390,625 | 3.41 | |||
| 8 | MCSE | MORGAN CAPITAL SECURITIES LIMITED | 678,684,346 | 2.84 | |||
| 9 | CALX | CALYX SECURITIES LIMITED – BRD | 636,828,726 | 2.67 | |||
| 10 | ARMS | A.R.M SECURITIES LIMITED – BRD | 633,418,379 | 2.65 | |||
| Top 10 Total Volume | 12,166,497,892 | 50.92 | |||||
| Rank | Broker | Description | Value | % Value |
| 1 | RSNL | RENCAP SECURITIES (NIG) LIMITED | 26,672,658,656.94 | 12.57 |
| 2 | SISB | STANBIC IBTC STOCKBROKERS LIMITED | 22,993,798,190.18 | 10.84 |
| 3 | EFCP | EFCP LIMITED | 21,276,246,380.55 | 10.03 |
| 4 | CSL | CSL STOCKBROKERS LIMITED | 17,076,453,127.88 | 8.05 |
| 5 | CSSL | CARDINALSTONE SECURITIES LIMITED | 9,479,262,408.05 | 4.47 |
| 6 | APEL | APEL ASSET LIMITED – BRD | 7,616,216,030.98 | 3.59 |
| 7 | GTI | GTI SECURITIES LIMITED – BRD | 7,546,276,804.51 | 3.56 |
| 8 | APT | APT SECURITIES AND FUNDS – BRD | 6,456,356,396.89 | 3.04 |
| 9 | FBNS | FBNQUEST SECURITIES LIMITED | 5,624,264,179.15 | 2.65 |
| 10 | ARMS | A.R.M SECURITIES LIMITED – BRD | 4,183,943,448.67 | 1.97 |
| Top 10 Total Value | 128,925,475,623.80 | 60.77 | ||
