The Nigerian Stock Exchange released the list of top ten Brokers performance for the week.
The fresh data pushed into the capital market has shown that 66.32% of the total transactions for the week in terms of value were handled by 10 brokers, amounting to N13,849,293,358.53. Also, the top 10 Stockbrokers are responsible for 51.20% of the total volume between 02/05/2017 and 05/05/2017
This NSE, which revealed this in its Broker Performance Report, showed that CARDINALSTONE SECURITIES LIMITED traded 218,752,694 shares, which accounted for 9.48 per cent of the exchange’s total trading volume. It was followed by A.R.M SECURITIES LIMITED – BRD with 195,038,494 shares and STANBIC IBTC STOCKBROKERS LIMITED with 188,562,493 shares, representing 8.45 per cent and 8.17 per cent of total volume, respectively.