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GTCO, UBA, FBNH weigh FUGAZ down by N112 billion combined during the week

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FUGAZ MDs

Access Bank Plc released its 2021 Full-year financial result, which revealed a profit of N160 billion in 2021, reflecting a 51.13% increase year on year. The statement revealed that in FY 2021, Net interest income grew by 14.64% from N262.95 billion to N301.46 billion in the current period.

Zenith Bank Plc gained N7.85 billion w-o-w after its market capitalization appreciated to N844.57 billion from N836.72 billion at the end of the week. This appreciation can be attributed to the 0.94% growth in its share price, from N26.65 traded at the end of last week, to N26.90 at the end of this week.

The bank’s Audited 2021 FY financial result for the period ended December, revealed that Interest income for the period grew by 7.05% to N427.60 billion from N420.81 billion in the corresponding period of 2020. However, post-tax profit for the period reported a growth of 6.07% from N230.57 billion in 2020 to N244.56 billion in the current period.

The Nigerian Exchange Limited (NGX) closed negative week-on-week as ASI depreciated by 0.67% to close at 46,964.23.

The FUGAZ banks make up over 70% of the NSE Banking sector index, hence, strongly influencing the growth or otherwise of the index; hence, the NGX banking declined by 0.66% from 443.72 to close at 440.79 points.

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Top stockbroking firms transact N579 billion worth of shares between Jan-April 2022

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1653386109 620 Stock Exchange Stockbrokers

Ten top stockbroking firms in the Nigerian capital market closed the first four months of the year with an exchange of 39.793 billion shares worth N579.450 billion.

Available statistics to the Naijaonpoint showed that the ten stockbrokers were responsible for 64.29% of the total value between January 4, 2022 and April 30, 2022.

Also, the stockbrokers are responsible for 57.82% of the total volume during the period under review.

Analysis of transactions

  • Analysis of the transactions revealed that APT Securities and Funds Limited dominated with 15.96% or N143.847 billion exchanged in 4.537 billion shares.
  • Cardinal Stone Limited followed with a record of N88.042 billion or 9.77% in 13.958 billion shares.
  • Meristem Stockbrokers Limited accounted for N76.650 billion or 8.50% traded in 2.219 billion shares.  Stanbic IBTC Stockbrokers Limited exchanged 73.818 billion or 8.19% exchanged in 1.892 shares.
  • EFG Herms Nigeria Limited traded N50.414 billion or 5.59% in 1.373 shares, while Chapelhill Limited accounted for N39.962 billion or 4.43% in 7.038 billion shares. Cordros Securities Limited traded N36.708 billion or 4.07% in 2.270 billion shares.
  • Rencap Securities Limited traded N27.755 billion or 3.02% while CSL exchanged N26.255 billion or 2.91% in 1.689 billion shares while Morgan Capital Limited traded N15.994 billion or 1.77% in 3.623 billion shares.

What you should know

  • In an effort to stimulate demand and engenders competition in the stockbroking community, the management of the NGX had in September 2011 introduced the ranking of the brokers by transaction value and volume.
  • Nigerian Exchange Limited (NGX) has launched an enhanced broker performance ranking report designed to provide detailed insight into the performance of Trading License Holders across asset classes and improve participation in other exchange products.
  • The new ranking report was launched via a webinar themed, “The New Broker Performance Ranking: An Analytics Approach”.  
  • The new Broker Performance Report, which shows the performance of Brokers ranked by the weighted calculated points in deals, volume, and value across all asset classes, comes in three different levels, distinguished by fields to be displayed.

... Top stockbroking firms transact N579 billion worth of shares between Jan-April 2022 Read More on ... Naijaonpoint.

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Business News

Top stockbroking firms transact N579 billion worth of shares between Jan-April 2022

Published

on

1653386109 779 Stock Exchange Stockbrokers

Ten top stockbroking firms in the Nigerian capital market closed the first four months of the year with an exchange of 39.793 billion shares worth N579.450 billion.

Available statistics to the Naijaonpoint showed that the ten stockbrokers were responsible for 64.29% of the total value between January 4, 2022 and April 30, 2022.

Also, the stockbrokers are responsible for 57.82% of the total volume during the period under review.

Analysis of transactions

  • Analysis of the transactions revealed that APT Securities and Funds Limited dominated with 15.96% or N143.847 billion exchanged in 4.537 billion shares.
  • Cardinal Stone Limited followed with a record of N88.042 billion or 9.77% in 13.958 billion shares.
  • Meristem Stockbrokers Limited accounted for N76.650 billion or 8.50% traded in 2.219 billion shares.  Stanbic IBTC Stockbrokers Limited exchanged 73.818 billion or 8.19% exchanged in 1.892 shares.
  • EFG Herms Nigeria Limited traded N50.414 billion or 5.59% in 1.373 shares, while Chapelhill Limited accounted for N39.962 billion or 4.43% in 7.038 billion shares. Cordros Securities Limited traded N36.708 billion or 4.07% in 2.270 billion shares.
  • Rencap Securities Limited traded N27.755 billion or 3.02% while CSL exchanged N26.255 billion or 2.91% in 1.689 billion shares while Morgan Capital Limited traded N15.994 billion or 1.77% in 3.623 billion shares.

What you should know

  • In an effort to stimulate demand and engenders competition in the stockbroking community, the management of the NGX had in September 2011 introduced the ranking of the brokers by transaction value and volume.
  • Nigerian Exchange Limited (NGX) has launched an enhanced broker performance ranking report designed to provide detailed insight into the performance of Trading License Holders across asset classes and improve participation in other exchange products.
  • The new ranking report was launched via a webinar themed, “The New Broker Performance Ranking: An Analytics Approach”.  
  • The new Broker Performance Report, which shows the performance of Brokers ranked by the weighted calculated points in deals, volume, and value across all asset classes, comes in three different levels, distinguished by fields to be displayed.

... Top stockbroking firms transact N579 billion worth of shares between Jan-April 2022 Read More on ... Naijaonpoint.

WATCH NOW

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Continue Reading