Nigeria’s top 10 stockbroking firms trade N579.5 billion worth of stocks in 4 months

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That translates to 64.3 per cent of the cumulative trade executed on the exchange January through April.

Ten brokerage firms facilitated transactions valued at N579.5 billion on the Nigerian Exchange in the four months to April, according to the broker performance report obtained from the bourse.led the pack within the period during which the market capitalisation of the NGX appreciated by 16.2 per cent or N4.93 trillion.

· Meristem Stockbrokers conducted trade estimated at N76.7 billion, equivalent to 8.5 per cent of the entire transaction value. · Rencap Securities transacted shares worth N27.8 billion translating to 3.1 per cent of total transaction value. · Apt Securities & Funds transacted 4.4 billion shares, representing 6.3 per cent of total trade volume.

 

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