Stanbic Bank, Tellimer, Rencap Lead NSE Top Three Stockbrokers In September

The Nigerian Stock Exchange (NSE) closed in the negative territory for the week ended Friday, 27th September 2019. The Market Capitalization shed N11.2bn Week-to-Date. Similarly, the NSE All-Share Index dips by -0.09% Week-to-Date to close at 27,675.04 basis points. 

Financial Metrics Nigeria reports that the market bearish trend was as a result of the downturn recorded on the NSE Premium Board which drops by -0.99%.

Moreso, the NSE Banking Index, NSE AFR Div Yield Index, NSE MERI Growth Index and the Industrial Goods Index all recorded losses. They pulled the bourse market index down by -1.64%, -1.94%, -1.15% and -1.83% respectively.  

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Rencap Securities (Nig) Limited is the best performing stockbroker for the week ended. The firm accounted for 12.08% of the total traded stocks by volume. Financial Metrics Nigeria reports that the Tier-One stockbroker transacted  265.06 million shares units worth. 

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According to the NSE weekly report, Tellimer Capital Limited was involved in 264.40 million shares units traded on the floor of the exchange market. The stockbrokers’ firm was actively involved in 12.05% deals.

Trailing Tellimer Capital Limited was Stanbic IBTC Bank. The financial services firm traded 6.97% total equities deals that were transacted last week. They accounted for 152.81 million shares units transacted. 

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Conversely, Tellimer Capital Limited led the NSE stockbrokers to value activity chart for the week. They ranked in N12.85bn or 38.39% of the total deals traded last week. Rencap Securities Nig Ltd was involved in 20.47% deals traded by value worth N6.85bn. 

Stanbic IBTC Bank completed the top NSE three stockbrokers for the week. Stanbic IBTC recorded N1.58bn or 4.72% of the value of the transactions.