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.
Morgan Capital Securities ranked 8th by transaction value in January 2026, executing trades worth N26.2 billion.
This is up from N14.8 billion in January 2025, when it accounted for 2.44% of total market value, rising to 3.04% this year and reflecting stronger participation on the exchange.
- The broker also performed strongly by volume, ranking 3rd with 1.79 billion shares facilitated.
This represented 5.59% of all shares traded by brokers, demonstrating that Morgan Capital commands both significant value and high trading activity.
