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Top 10 stockbrokers trade N120.4 billion on stocks

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As the Nigerian Stock Exchange (NSE) maintained a bearish trend into the last month of 2019, data showed that the top ten stockbroking firms traded N120.4 billion shares in November 2019.

The report, which was obtained from the Stock Exchange by Nairametrics, stated that the Nigerian equity market, as measured by the All-Share Index depreciated by 14.09% as at the end of November 2019.

The top 10 stockbroking firms accounted for 54.32% (7.58 billion shares) of the total volume of stocks traded on the NSE and N120.4 billion (69.31%) of the total value of traded shares in November 2019.

Kato Mukuru, Head of Frontier Research at EFG Hermes

Top 10 stockbrokers by value   

[READ MORE: These were the top 10 stockbrokers on the NSE in 2018]

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 Top 10 stockbrokers by volume   

About the NSE

The Nigerian Stock Exchange 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 November 30, 2019, it had 170 listed companies with the All-Share Index and Market Capitalization closing at 27,002.15 and N13.043 trillion respectively.

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