The Nigerian Exchange (NGX) released its January 2026 broker performance report, ranking stockbroking firms by transaction volume and value, during a month in which the market gained 6.27%.
Although stockbrokers do not typically determine market direction, they play a critical role in facilitating liquidity by executing trades for investors responding to market conditions and trends.
According to the report, top brokers traded 14.4 billion shares in January, representing 45.13% of total volume, slightly below the 15.4 billion shares recorded in January 2025.
However, in value terms, activity was stronger, with the top 10 stockbroking firms executing N457.7 billion in trades, accounting for 52.88% of total market value.
This represents a significant rise from N341.6 billion in January 2025, indicating that bigger, more impactful trades drove activity, not just higher trading volumes.
This article prioritizes transaction value, as it better reflects the scale and market impact of trades rather than simply the number of transactions executed.
Below are the best-performing stockbroking firms by transaction value for the period spanning 1 January 2026 to 30 January 2026.
The Bridge Securities Limited claimed the 10th spot by transaction value in January 2026, executing trades worth N17.3 billion.
- This marks a notable entry to the rankings, as the broker was absent from the list during the same month last year.
- Its trades accounted for 2.00% of the total market value of N865 billion and represented 3.79% of the N457.7 billion handled by the top 10 brokers that month.
While the broker’s facilitated volume did not place it among the top 10 by volume, its position on the value list indicates that the shares it handled were significant in monetary terms.
