The Nigerian Exchange Limited (NGX) has released its Broker Performance Report for the trading week of June 16 to June 20, 2025, showing significant concentration of trading activity among the top 10 stockbroking firms. The data reveals that these brokers were responsible for 48.74% of total traded volume and a commanding 58.5% of total market value.
CardinalStone Securities Limited (CSSL) led the pack, emerging as the most active firm both by volume and value. The firm executed 955.7 million shares, representing 13.4% of the total volume traded during the week. It also topped the value chart with ₦34.01 billion worth of executed transactions, accounting for 14.72% of the total market value.
Meristem Stockbrokers Limited (MERI) followed with 503.9 million shares (7.07% of total volume) and ranked fifth by value with trades worth ₦12.78 billion (5.53%). Parthian Securities Limited (PSLC) placed third by volume with 362.7 million units (5.08%).
On the value side, Cordros Securities Limited (CORD) secured the second spot with transactions worth ₦20.76 billion (8.99%), despite ranking seventh by volume. Stanbic IBTC Stockbrokers Limited (SISB) and EFG Hermes Nigeria Limited (EFGH) also featured prominently on both lists, handling significant chunks of volume and value trades.
Other notable firms in the top 10 rankings include Morgan Capital Securities, CSL Stockbrokers, APT Securities, Rencap Securities, First Securities Brokers, and Quantum Zenith Securities & Investment Ltd.
According to the NGX data, the top 10 brokers by volume handled over 3.47 billion shares, while the top 10 by value accounted for ₦135.14 billion in transaction value during the five-day trading window.
Market analysts interpret the dominance of these firms as a reflection of strong investor confidence, particularly among institutional investors and high-net-worth individuals. Their performance also highlights the growing importance of technology, research, and client trust in executing large-volume and high-value trades in Nigeria’s evolving capital market.
The week’s report provides a key insight into trading dynamics and affirms the crucial role leading brokerage houses play in shaping liquidity and market sentiment on the NGX. With the second half of the year underway, market watchers expect these firms to continue driving momentum as investors adjust portfolios in response to macroeconomic signals and earnings season expectations.
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