Four stockbroking firms executed N32.86 billion worth of market transactions in the second week that ended on January 13, 2023, representing 55.38% of the value of market activities. Leading the performance chart is the APT Securities and Funds which executed N13.73 billion worth of transactions from January 9 to 13, 2023, representing 23.12% of the total market value.
Cardinalstone Securities traded N11.67 billion worth of market activities, amounting to 19.67% of the total market transactions during the week under review. EFG Hermes Nigeria traded N4 billion worth of transactions while Meristem Securities executed N3.47 million worth of trade to account for 6.74% and 5.85% worth of the market transactions respectively.
Others that made the top ten stockbroking firms last week are ChapelHill Denham Securities which conducted N3.01 billion worth of trade, representing 5.08%; Cordros Securities traded N2.98 billion, representing 5.02%; Stanbic IBTC Stockbrokers executed N2.48 billion worth of trade, amounting to 4.18%; Vetiva Capital Management traded N1.42 billion worth of transactions, representing 2.40%; ARM Securities executed N1.33 billion worth of trade, amounting to 2,26% while ICON Stockbrokers executed N918 million worth of transactions, representing 1.55% of the total market transactions during week two that ended January 13,2023.
Altogether, the top ten stockbroking firms traded N45.04 billion worth of transactions between January 9 and 13, 2023, amounting to 75.86% of the total market value during the reference period.
By product, investors traded 1.286 billion shares from January 9 to 13, 2023 worth N29.63 billion in 19,816 deals in the equity wing of the Nigerian Exchange Group (NGX). However, in the first week of this year, investors traded 921.856 million shares valued at N27.154 billion in 15,601 deals.
“The financial services industry (measured by volume) led the activity chart with 952.237 million shares valued at N9.728 billion traded in 9,647 deals; thus contributing 74.07% and 32.83% to the total equity turnover volume and value respectively. The industrial goods industry followed with 92.864 million shares worth N8.510 billion in 1,682 deals. The third place was the conglomerates industry, with a turnover of 54.568 million shares worth N96.654 million in 754 deals.
“Trading in the top three equities namely FBN Holdings Plc, Sterling Bank Plc, and Guaranty Trust Holding Company Plc (measured by volume) accounted for 507.852 million shares worth N5.707 billion in 2,585 deals, contributing 39.50% and 19.26% to the total equity turnover volume and value respectively,” NGX stated in its weekly market report.
Exchange Traded Product (ETP) during the second week of this year, recorded 58 deals as investors traded 7,591 units estimated at N1.726 million. In contrast, a total of 2,172 units in 43 deals worth N1.47 million units were traded in the first week of this year ended January 5,2023.
Same week, 51,785 units of bonds worth N51.6 million were traded in 16 deals, in contrast to 6,695 units of bonds that were traded in the first week of January worth N6.45 million in 15 deals.
The NGX’s All Share Index (ASI) closed the week at 52,512.48 points representing 2.46% year to date return as of January 13, 2023. Market capitalization closed at N28.602 trillion.
