Broker performance report at the Nigerian Stock Exchange from January 5, 2015 to June 30, 2015 shows that CSL Stockbrokers Limited accounted for 10,378,985,346 units representing 10.23% of the total volume of stocks traded on the NSE in the review period.
With over 30 years operating history on the Nigeria Stock Exchange; CSL Stockbrokers Limited is a fully owned subsidiary of FCMB Group Plc and provides institutional and corporate brokerage services to investors and select issuers.
At the heart of CSL Stockbrokers Limited is a robust research platform which supports local and international investors who desire in-depth coverage of the Nigerian capital markets and the economy as a whole.
In value terms, CSL Stockbrokers Limited accounted for deals worth N121.676billion or 10.97% of the total value of stocks traded on the Nigerian bourse in six months.
In terms of volume and value of transactions, CSL Stockbrokers limited, Rencap Securities (Nigeria) Limited and Stanbic IBTC Stockbrokers Limited led other seven stockbroking firms that accounted for reasonable percentage of six months deals at the Nigerian Stock Exchange (NSE).
The three stockbroking firms accounted for about N406.57billion in terms of value of their transactions; while in terms of equities volume, these stockbroking firms traded 27.71billion units in six months to June 2015. Ten stockbroking firms accounted for 51,167,329,334 units or 50.43% of the total volume of stocks traded at the NSE in H1’15. Also, ten stockbroking firms accounted for equity deals valued at N732.818billion in the same H1’15 representing 66.06% of the total value of stocks traded in six months at the NSE.
Rencap Securities (Nigeria) Limited
This company accounted for 8,773,835,352 units of equities traded in six months. This volume represents 8.65% of the total volume of equities traded at the NSE in six months period to June.
Rencap Securities (Nigeria) Limited is a fully owned subsidiary of Renaissance Capital, a leading Investment Bank based in Moscow with operations in Sub-Saharan Africa, Russia, Middle East, and Asia. The firm also offers its clients access to these markets through such financial centers as London and New York. At the Nigerian Stock Exchange, Rencap Securities (Nigeria) Limited accounted for deals valued at N132.985billion in last six months, which represents 11.99% of the total value of stocks traded in H1 on the Nigerian bourse.
Stanbic IBTC Stockbrokers Limited
In the review six months period, Stanbic IBTC Stockbrokers Limited accounted for 8,571,800,834 units of equities traded at the Nigerian bourse, which represents 8.45% of the total value of stocks traded at the NSE in half-year (H1) 2015.
Stanbic IBTC Stockbrokers Limited is a wholly-owned subsidiary of Stanbic IBTC Holdings plc, and a member of The Standard Bank Group set up to provide world class stockbroking services to local as well as foreign investors in the Nigerian capital market. Stanbic IBTC Stockbrokers Limited received NSE CEO’s award as the best dealing member firm on Exchange in 2014.
In value terms, six months stock deals by Stanbic IBTC Stockbrokers Limited worth N151.920billion which represents 13.70% of the total value of stocks traded on the NSE in H1.
FBN Securities limited
In terms of volume, FBN Securities Limited is the fourth on the list which showed brokers performance. The firm accounted for 4,806,726,322 units or 4.74% of the total volume of stocks traded last six months. FBN Securities Limited is a subsidiary of FBN Capital Limited a full service investment bank and Asset Management Company.
FBN Securities Limited accounted for stocks deals worth N52.134billion in six months, representing 4.70% of the total value of equities traded at the Nigerian Stock Exchange.
EFCP Limited
EFCP Limited came fifth in terms of volume of deals at the NSE in the review period of six months.
The stockbroking firm accounted for 4,225,485,168 units which represents 4.16% of the total volume of stocks traded from January to June 2015. Stocks traded by EFCP Limited in H1’15 worth N88.762billion, representing 8% of the total value of stocks exchanged in the review period.
Securities Africa Financial Limited
Securities Africa Financial Limited also played big for the sixth position in the stock market in review H1’15, having accounted for 3,841,355,765 units or 3.79% of the total volume of equities traded in six months at the NSE.
Securities Africa Limited (formerly Skye Stockbrokers Limited) delivers a wide spectrum of capital markets and investment banking services to state governments, pension fund administrators, insurance companies, multinational conglomerates, and institutional investors throughout Nigeria.
Chapel Hill Denham Securities Limited
Also on the top players list is Chapel Hill Denham Securities Limited. The dealing member firm occupied the seventh position in terms of volume of stocks traded in H1’15.
It accounted for 3,107,286,202 units or 3.06% of the total volume stocks traded in past six months.
Chapel Hill Denham Securities is the securities trading business of the Chapel Hill Denham Group. It has successfully operated for 15 years as part of the Chapel Hill Denham Management (formerly Denham Management Limited); the asset management business.
In terms of value of deals, Chapel Hill Denham Securities Limited accounted for equities transactions worth N55.683billion, representing 5.02% of the total value of stocks traded at the NSE in H1.
Vetiva Capital Management Limited
Vetiva Capital Management Limited occupied the eight position in terms of volume of stocks it traded in H1’15. The stockbroking firm accounted for 2,637,108,056 units, representing 2.60% of the total volume of stocks traded at the NSE in past six months.
Vetiva Securities Limited is a subsidiary of Vetiva Capital Management Limited. Vetiva Securities is positioned to offer services to asset managers and individuals seeking a high quality brokerage platform to execute their equity strategies. In value terms, stocks deals by Vetiva Capital Management Limited in H1’15 worth N45.624billion or 4.11% of the total value of stocks traded at the NSE in six months to June 2015.
A.R.M Securities Limited
Also in terms of volume, A.R.M Securities Limited occupied the ninth position after accounting for 2,418,887,630 units or 2.38% of the total volume of stocks traded in H1’15.
ARM Securities is a full service brokerage company offering a complete spectrum of securities trading services to local and foreign retail and institutional investors.
ARM Securities is a product of an alliance between Hamilton Hammer & Company Limited (“HH”) and Asset & Resource Management Company Limited (“ARM”).
In 2008, HH aligned itself with ARM – a major diversified financial service firm with special interest in asset management, investment banking, real estate and infrastructure financing. The aim of the alliance was to produce a world class brokerage firm that offers superior service; has strong capital base, robust technological platform, strong and efficient distribution capabilities as well as enhanced technical and human resources.
The value of stocks traded by A.R.M Securities Limited in half-year (H1) 2015 was N27.994billion, representing 2.52% of the total value of equities traded at the NSE in first six months of the year.
Cardinalstone Securities Limited
Cardinalstone Securities Limited made the league of top ten stockbroking firms in terms of volume of transactions after recording 2,405,858,659 units or 2.37% of the total volume of stocks traded at the NSE in H1’15.
Cardinalstone Securities Limited is the securities arm of Cardinalstone, a non-bank financial institution, providing services in Financial Advisory, Capital Raising, Investment Management and Share Registration to a diverse base of investors and business owners with strong interest in Nigeria and the broader West African economic region.
Apel Asset Limited
In terms of value of deals, Apel Asset Limited accounted for deals worth N28.546billion or 2.57% of the total value of stocks traded at the NSE in H1. The NSE ranked Apel Asset Limited eighth in terms of value of deals it accounted for in the six months period. Apel Asset Limited was incorporated in August 2004 and admitted as a member of the Nigerian Stock Exchange in 2005. The Company is a specialised financial services organisation focused on providing integrated financial solutions to its clients in the areas of securities trading, corporate finance and Asset Management.
As part of the Company’s corporate focus in becoming a one stop financial solutions provider, Apel Asset Limited acquired PHB Capital & Trust Limited (now Apel Capital & Trust Limited) in 2013.
African Alliance Stockbrokers Limited
African Alliance Stockbrokers Limited made the list of top ten stockbroking firms in terms of value of deals it accounted for put at N27.490billion or 2.48% of the total value of stocks traded at NSE in six months period to June 2015. African Alliance Stockbrokers Limited is the stockbroking arm of African Alliance, an investment banking group operating in Africa.
source; Businessday Nigeria
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