Despite the slow momentum maintained on the Nigerian Stock Exchange (NSE) into the third quarter of the year 2019, the top 10 stockbroking firms in terms of volume and value still have cause to smile.
Basically, the Nigerian equity market, as measured by All-Share Index depreciated by 12.42% as at the end of August 2019.
The top 10 stockbroking firms accounted for 63.79% (6.52 billion shares) of the total volume of stocks traded on the NSE in August 2019 and 74.33% (N92.29 billion) of the total value of traded shares.
The top 10 stockbrokers by value
- Rencap Securities (NIG) limited tops the list. On the Exchange, the firm traded the largest volume of shares to the tune of N22.7 billion or 18.31% of the total value traded in August.
- Stanbic IBTC Stockbrokers Limited pulled shares worth N20.6 billion or 16.90% of total traded shares.
- EFG Hermes Nig. Limited traded N12.4 billion (10.05%) worth of shares.
- Chapel Hill Denham Securities Limited N8.5 billion representing 6.85% of total share value traded.
- CSL Stockbrokers Limited is next on the list with N6.4 billion or 5.35% of the total value traded.
- FBN Quest Securities Limited traded shares worth N4.4 billion, representing 4.54% of total value traded.
- Other firms that made the list include Cardinal Stone Securities Limited (4.88 billion), Tellimer Capital Limited (N4.03 billion), Meristem Stockbrokers Limited with N2.5 billion shares and Nigerian International Securities LTD (N3.21 billion)
[Read Also: LIST OF STOCKBROKERS IN NIGERIA]
The top 10 stockbrokers by volume
- TrustBanc Capital Management Limited tops the list with 1.10 billion shares traded in August 2019, thereby accounting for 10.79.3% of the total share volume traded.
- Stanbic IBTC Stockbrokers Limited ranks 2nd and traded 1.07 billion shares or 10.50% of the total volume traded.
- Apel Asset Limited –BRD takes the third place with an estimated share traded volume of 939 million or 9.17%.
- Rencap Securities (NIG) limited takes the 4th place with 714.9 million shares traded, representing 6.99% to the total volume traded in the month.
- EFG HERMES NIG. Limited traded 603.8 million shares during the month, representing 6.50% of the total volume traded on the NSE.
- CSl Stockbrokers Limited is next on the list with N444.1 million or 4.34% of the total value traded.
- Chapel Hill Denham Securities Limited traded 441.1 million shares, which accounted for 6.1% of the total volume traded.
- Other firms that made the list include FBN Quest Security Limited (396.8 million shares), Nigerian Stockbrokers Limited (381.4 million) and Cardinal Stone Securities limited with 365.5 million traded volume of shares.
About the NSE: The Nigerian Stock Exchange (NSE) was established in 1960 as the Lagos Stock Exchange. In 1977, its name was changed from the Lagos Stock Exchange to the Nigerian Stock Exchange. As of August 31, 2019, it had 170 listed companies with the All-Share Index and Market Capitalization closing at 27,525.81 and N13.391 trillion respectively.
[READ ALSO: Nigeria Weekly Update: Market interest rates back up]
Just-in: Senate confirms 6 NERC commissioners, drops Chairman-nominee
Six nominees for the board of the Nigerian Electricity Regulatory Commission (NERC) have been confirmed as commissioners.
The Nigerian Senate has confirmed the nomination of six members for the board of the Nigerian Electricity Regulatory Commission (NERC) as commissioners.
The legislators also dropped, Prof. Akintunde Akinwande, the nominee for the Chairman position due to his absence from the screening.
This was disclosed by the senate committee on Power, Steel Development and Metallurgy on Tuesday.
The confirmed nominees are Sanusi Garba (North-West) as vice-chairman; with Nathan Rogers Shatti (North-East), Moses Arigu (North-Central), Dafe Akpedeye (South-South), Frank Okafor (South-East) and Musiliu Oseni (South-West).
The committee recommended that President Muhammadu Buhari present another nominee to replace Akinwande.
Details soon …
COVID-19: NCDC issues travel advisory for the yuletide season
The NCDC has issued a public health advisory to the general public as they prepare for the festive season.
The Nigeria Centre for Disease Control (NCDC) has issued a public health advisory to all members of the public to exercise caution as they celebrate the upcoming festivities – Christmas and New year.
The Commission said that it is fully aware that the yuletide season affords a number of people an opportunity to celebrate with their families and friends and as well for people to travel to visit their loved ones or attend events, but cautioned that everyone has to make necessary adjustments in social interactions in line with the reality of the pandemic to limit the spread of Covid-19.
According to the commission, “Since the first confirmed case of COVID-19 in Nigeria, just over 67,000 Covid-19 cases have been reported with just over 1,000 deaths. Most of the confirmed cases and deaths have been in urban/semi-urban cities and towns and the risk of spread remains.
“The Covid-19 virus does not spread on its own, it spreads when people move around. This means that by traveling across countries and cities, there is a higher risk of transmission, especially to rural areas where the existing health infrastructure is already weak.”
Key highlights of the advisory
- Limit all non-essential domestic and international travels.
- As an alternative to traveling, you could still remain socially connected with friends and loved ones using mobile or video conferencing technology.
- Hold virtual services and prayer sessions to limit the mass congregation.
- Observe appropriate social distancing protocols and personal hygiene in all public places and events, washing of hands frequently with soap and water or using a hand sanitizer when hands are not visibly dirty and running water is not readily available.
Why this matters
The number of confirmed COVID-19 cases has continued to rise across several countries globally. Nigeria is not an exception, with the recent spike recorded in the number of confirmed cases in some major cities.
In the first wave of infections, the economy was paralyzed with lockdowns that lasted for months, and the country cannot afford a second wave which could be more catastrophic.
COVID-19: Nigeria, Ghana and Cote d’Ivoire contribute 68.3% of confirmed cases in West Africa
Latest data published by the ECOWAS CDC show Nigeria, Ghana and Cote d’ Ivoire topping the number of confirmed cases.
The latest COVID-19 daily update report as of November 29th 2020 released by the ECOWAS Centre for Surveillance and Disease Control indicates there are 205,368 confirmed cases in West Africa.
From the new number, Nigeria, Ghana and Cote d’Ivoire top the list with a total of 140,291 confirmed cases, representing 68.3% whilst the other 12 member countries of the Economic Community of West African States (ECOWAS) contributed 31.7%
— ECOWAS Centre for Surveillance and Disease Control (@Ecowas_cdc) December 1, 2020
According to the report, Nigeria has 67,412 confirmed cases (32.8%), Ghana 51,569 (25.1%) and Cote d’Ivoire 21,310 (10.4%).
Nigeria has a recovery rate of 93.5 % which places her on the 8th position, Ghana 97.8 % (2nd position) and Cote d’Ivoire 98.3 % (1st position).
On CFR (case fatality rate), Nigeria occupies 10th position with 1.74%, Ghana 13th position with 0.63% and Cote d’Ivoire 0.61%, 14th position.
On active cases, Nigeria occupies 8th position with 4.7%, Ghana 12th position with 1.5% and Cote d’Ivoire 13th position with 1.1%.
What you should know
- As at November 29, 2020, worldwide, there are 62,736,160 confirmed cases, 1,459,243 deaths and CFR of 2.3%
- In Africa, there are 2,163,389 confirmed cases, 51,708 deaths and CFR of 2.4%
- In West Africa, there are 205,368 confirmed cases, 2,861 deaths and CFR of 1.41% active cases 8,585)4.3%), recovery rate of 94.3%
- On recovery rate, Cote d’Ivoire tops the list with 98.3%, followed by Ghana 97.8%, Senegal 97.0% with the least coming from Mali with 67.8%.
- As regards the death rate (CFR), Liberia tops the list with 5.29%, followed by Niger 5.12% and Mali 3.41% while Guinea is the least with 0.58%.
- As regards the death rate (CFR), Liberia tops the list with 5.2%, followed by Niger 4.62% and Gambia 3.29% while Guinea is the least with 0.58%.
- Mali has more active COVID-19 cases with 29.0%, followed by Sierra Leone 20.8% and Niger 15.8% with Gambia contributing the least with 0.5%.