Stanbic IBTC Stockbrokers Limited, CSL Stockbrokers Limited, Recap Securities (Nigeria) Limited and Cordros Capital Limited dominated the transaction table in value terms at the Nigerian Stock Exchange (NSE) in the month of May. Stanbic IBTC led the overall table with transactions worth N30.1 billion or 15.11 per cent. CSL Stockbrokers followed with N27.465 billion or 13.8 per cent. Rencap Securities sold N22.301 billion or 11.2 per cent while Cordros Capital accounted for N22 billion or 11 per cent. FBN Securities Limited occupied the fifth position, transacting N10.6 billion or 5.3 per cent.
Greenwich Trust Limited sold N8.627 billion worth of shares which is about 4.3 per cent of the value of transactions for the month. African Alliance Stockbrokers Limited accounted for N6.584 billion or 3.3 per cent, just as Meristem Securities Limited accounted for N6.12 billion or 3.0 per cent.
Others among the top 10 broking firms include: Investment One Stockbrokers International Limited, N5.348 billion (2.6 per cent) and Chapel Hill Denham Management Limited, N4.271 billion or 2.15 per cent. In all the top 10 brokers accounted for N143.464 billion or 72.1 per cent of the total value of transactions recorded in the month of May.