Top 10 Stockbrokers Trade N341.63bn Shares on NGX in January
NGX
Samuel Mobolaji
Ten leading stockbroking firms executed transactions worth N341.63 billion on the Nigerian Exchange (NGX) in January 2025, accounting for over half of the market’s trading activity.
According to the latest Broker Performance Report, these firms contributed 52.01 per cent of total trading volume and 56.13 per cent of transaction value for the month, handling 15.47 billion shares.
Cardinalstone Securities led the market by transaction value, trading N89.32 billion worth of shares, representing 14.67 per cent of the total. It was followed by Stanbic IBTC Stockbrokers with N46.18 billion (7.59 per cent) and APT Securities & Funds, which traded N44.44 billion (7.30 per cent). Other major contributors included Global Asset Management Nigeria (N39.94 billion), Cordros Securities (N31.79 billion), and Meristem Stockbrokers (N31.72 billion).
In terms of volume, Global Asset Management Nigeria dominated with 3.99 billion shares traded, representing 13.41 per cent of the total. Cardinalstone Securities followed with 2.34 billion shares (7.88 per cent), while Morgan Capital Securities executed 1.80 billion shares (6.06 per cent).
Meanwhile, investor confidence remained strong, as the market capitalisation rose to N64.71 trillion on January 31, 2025, from N62.76 trillion at the start of the month, reflecting net capital gains of about N1.95 trillion. The NGX All-Share Index (ASI) also gained 1.53 per cent in January.
Looking ahead to February, InvestData Consulting Limited’s Chief Operating Officer, Ambrose Omordion, projected a mix of sentiment as investors react to corporate earnings reports and dividend expectations.
He noted that sector rotation and portfolio rebalancing would continue, with opportunities emerging from price corrections despite market volatility.
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