10 Stockbroking Firms Transact N6.6trn Worth of Stock in 11 Months

Kayode Tokede

With the ongoing rally in the Nigerian stock market,  a total of 10 stockbroking firms have transacted N6.6 trillion worth of stocks between January and November  2025.

The 10 stockbroking firms are:  Cardinalstone Securities Limited, Chapel Hill Denham Securities Ltd, Stanbic IBTC Stockbrokers Limited,First Securities Brokers Limited and  Cordros Securities Limited.

Others are:  Meristem Stockbrokers Limited, EFG Hermes Nig Limited, APT Securities And Funds  United Capital Securities Limited and CSL Stockbrokers Limited.

These 10 stockbroking firms were responsible for 62.57per cent of the total value stocks traded on the NGX from January to November 2025, according to a released broker performance report  by the  bourse.

According to the “Broker Performance” report  by NGX,  Cardinalstone Securities traded stocks worth N2.05 trillion or  19.39 per cent of the total value traded on the NGX in the 11 months of 2025.

Also in the review period, Chapel Hill Denham Securities traded N962.2billion or 9.11per cent transactions, followed by Stanbic IBTC Stockbrokers  with about N690.24 billion or 6.54per cent of total transactions in the period under review.

First Securities Brokers came fourth when it accounted for stocks worth N616.44 billion or 5.84per cent in 11months of 2025.

According to the report, Cordros Securities ranked fifth when it was responsible for N571.7 billion or 5.41per cent worth of stocks trade,  while EFG Hermes accounted for N436.18billion or 4.13 per cent value of transactions in  the  period under review.

The report also shows that Meristem Stockbrokers traded  stocks worth N427.75 billion or 4.05per cent of the total value reported in the 11 months of 2025.

It was followed by APT Securities & Funds that traded stocks worth N341.56 billion or 3.24 per  cent, and United Capital Securities that accounted for N279.94 billion or 2.65  per cent of the total value of stocks traded on the Exchange between January and  November 2025.

In addition, CSL Stockbrokers accounted for N232.96billion of  2.21 per cent worth of transactions, according to the report by NGX.

Also, on the top 10 brokers list by volume  was Chapel Hill Denham Securities which traded 43.5 billion or 11.14 per cent of the 191.56 billion transactions in the period under review.

Cardinalstone Securities came second by volume, accounting for 37.6billion or 9.64 per cent of the volume of stocks traded in 11 months of 2025.

THISDAY can report that most firms’ transactions were inflow from Foreign Portfolio Investors (FPIs), domestic institutional investors and stock exposure in mutual funds.

Their major clients are foreign portfolio investors, while a few of them have significant stock exposure through collective Investment Schemes (CIS) at which they access a high volume of trading every day.

Before now, analysts have noted that these companies have some of the most diversified portfolios of clients which other firms are envious of.