10 stockbroking firms have accounted for 89.248 billion shares worth N1.3 billion between January 2, 2015 and December 31, 2015 in the Nigerian Stock Exchange’s (NSE) broker performance report for top brokers by volume. This represents 48.05 percent in volume and 67.11 percent in value. Analysis of the transactions showed that CSL recorded the highest volume with 18.196 billion shares valued N244.233 billion, representing 9.80 percent in volume and 13.57 percent in value. Recap Securities (Nigeria) Limited followed CSL with a volume of 14. 618 billion shares valued at N205.873 billion, representing 7.87 percent in volume and 10.83 percent in value.
Stanbick IBTC Stockbrokers Limited traded 14.280 billion shares valued N257.908 billion, representing 7.69 percent in volume and 13.57 percent in value. FBN Securities Limited executed trade for 7.481 billion shares worth N91.514 billion. This represents 4.03 percent in volume and 4.82 percent in value. EFCP Limited also came up for reckoning during the review period trading 6.833 billion shares worth N159.215 billion, representing 3.74 percent in volume and 8.3 percent in value.
Dealers with APEL Asset Limited-BRD traded 6.833 equities valued N50.615 billion, representing 3.68 percent in volume and 2.66 percent in value. Chapel Hills Denham Securities Limited-BRD traded 6.353 equities valued at N99.364 billion, representing 3.42 percent in volume and 5.23 percent in value. Cardinalstone Securities Limited accounted for 4.928 trades, representing 2.65 percent in volume, Coronation Securities Limited traded 4.905 billion shares, representing 2.64 percent in volume while ARM Securities Limited-BRD accounted for 4.705 billion shares, representing 2.53 percent in volume.