Brokers that controlled NSE in February

Reports of stock transactions from the Nigerian Stock Exchange (NSE) for the month of February, has established that 10 leading stock-broking firms were responsible for 72.51 per cent of total transactions on the exchange. They traded shares worth N133.4 billion.

And in volume terms, the 10 stockbrokers were responsible for 58.23 per cent of the shares traded within the period.

According to the NSE Brokers Performance Report for the month of February posted on the bourse’s website, Stanbic IBTC Stockbrokers emerged as the top performer in terms of the value of shares handled within the period under review.

The value of the shares it processed was put at N32.2 billion, representing 17.53 per cent of the total transactions on the NSE.

The report showed that CSL Stockbrokers Limited, Rencap Securities and EFCP Limited trailed Stanbic IBTC in terms of the values of shares traded, respectively.

While CSL Stockbrokers pulled transactions worth N22.9 billion, representing 12.49 per cent of the total transactions, Rencap and EFCP’s transactions were put at N21.7 (11.82 per cent) and N19.11 billion, representing 10.39 per cent worth of transactions.

In terms of the total volume of shares traded, Rencap Securities (Nigeria) Limited ranked first with a 2.32 billion shares, which amounted to 15.02 per cent of the total number of shares traded on the exchange during the period.

It was followed by CSL Stockbrokers which recorded 1.715 billion shares put at 11.09 per cent of the total number of shares traded. CSL was trailed on the table by EFCP with 890.183 million shares, translating into 5.75 per cent.

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