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.
CardinalStone Securities Limited led all brokers in transaction value in January 2026, executing trades worth N98.09 billion.
- This accounted for 11.33% of the total value exchanged by all stock brokers and 21.43% of the value handled by the top 10 brokers.
- The performance marks a notable improvement over January 2025, when CardinalStone also topped the list but recorded N89.3 billion in trades.
- Volume performance mirrored its value dominance, with the broker facilitating 3.5 billion shares, topping the volume chart for the month.
This is an increase from January 2025, when it handled 2.3 billion shares and ranked second, highlighting growth in both trading value and activity.
