Stockbroking Houses Trade N56.2billion Shares in May

Top 10 leading stockbrokers facilitated trading of 6.594 billion shares worth N56.230 billion in May, accounting for 55.21 per cent of total value traded in the month.

According to statistics Rencap Securities (Nig) Limited led in value terms, trading N16.236 billion, representing 15.94 per cent.

Stanbic IBTC Stockbrokers Limited followed with N9.443 billion, indicating 9.2 per cent, while EFCP Limited facilitated N6.092 billion or 5.9 per cent, while CSL Stockbrokers Limited accounted for N5.251 billion or 5.2 per cent.

Cardinal Stone Securities Limited traded N4.335 billion, representing 4.2 per cent, just as Cordros Capital Limited traded N3.534 billion or 3.5 per cent.

Investment One Stockbrokers International Limited occupied the seventh position with N3.458 billion or 3.4 per cent. FBN Securities Limited facilitated N3.063 billion, while Securities African Financial Limited traded N2.819 billion. Morgan Capital Securities Limited accounted for 1.996 billion.

In volume terms, CSL Stockbrokers Limited led with 1.029 billion shares, followed by Rencap Securities with 975.859 million shares. Morgan Capital Securities Limited accounted for 760.171 million shares. EFCP Limited recorded 673.260 million shares, just as Stanbic IBTC Stockbrokers Limited traded 644.355 million shares.

Cardinal Stone Securities Limited and Global Asset Management Limited accounted for 643.536 million and 609.871 million shares respectively. Cordros Capital Limited, FBN Securities Limited and Investment One Stockbrokers traded 439.963 million shares, 409.465 million shares and 408.220 million shares in that order.