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As the curtains close in 2023 and another opens in 2024 in Nigeria's stock market, NGx the performance of the top stockbrokers paints a fascinating picture.
Here, we delve deeper into the achievements of the top 10 brokers by trade value in 2023, unveiling their strategies, strengths, and prospects but before that, what is Trade Value?
What is Trade Value in Stocks?
In the context of stocks, "Trade Value" can have two potential meanings, depending on whether it's used alone or accompanied by additional context:
1. Total Value of Traded Shares:
- This is the most common interpretation when "Trade Value" is used by itself, particularly in contexts like your list of top stockbrokers. In this case, it refers to the total monetary value of all shares traded by a specific stockbroker or on a specific exchange over a given period. It's calculated by multiplying the number of shares traded by their corresponding price at the time of the trade.
2. Value of a Single Trade:
- In specific contexts, "Trade Value" can also refer to the monetary value of a single trade. This would be used to describe the total amount paid for one specific purchase or sale of shares. For example, you might say "The trade value of that Microsoft stock purchase was $10,000."
However, in this context, we refer to "Trade Value" as the Total Value of Traded Shares by a company for a fiscal financial year.
Below are the Top 10 brokers by trade value in 2023:
10. Apel Asset Limited – BRD:
Apel Asset kicks off the list with a respectable N92.1 billion in trades, carving out a 2.56% market share.
Known for its focus on wealth management and retail brokerage, Apel's success lies in catering to a diverse clientele and offering personalized investment solutions.
Their recent foray into online trading platforms has further bolstered their appeal.
9. Chapel Hill Denham Securities Ltd – BRD:
Just breaking the N100 billion mark, Chapel Hill Denham demonstrates a strong performance, securing a 2.84% market share.
Their expertise in equity research and analysis, coupled with their commitment to institutional clients, has earned them a loyal following among fund managers and asset management firms.
Their recent acquisition of a leading investment bank further strengthens their position in the market.
8. Cordros Securities Limited – BRD:
Cordros Securities, with a 3.51% market share and N126.3 billion in trades, showcases a solid foothold in the market.
Their aggressive expansion into new territories and their focus on high-growth industries like technology and infrastructure have fueled their impressive growth.
Their innovative investment banking products and strong corporate advisory services have also attracted a diverse clientele.
7. FBN Quest Securities Limited:
Making a strategic push into higher-value trades, FBN Quest takes the 7th position with a 3.78% market share and N135.7 billion in trades.
Leveraging its extensive branch network and robust retail platform, FBN Quest has successfully captured a significant share of the individual investor market.
Their recent focus on digital initiatives and wealth management solutions is poised to further fuel their growth.
6. United Capital Securities Limited:
While leading by volume, United Capital still makes a significant mark in value traded, landing in the 6th spot with N157.6 billion and a 4.39% market share.
Their strength lies in their expertise in institutional brokerage and their ability to attract large block trades.
Their recent collaboration with a global investment bank further expands their reach and access to international capital.
5. Meristem Stockbrokers Limited:
Mid-table, Meristem Stockbrokers demonstrates a balanced approach, holding just under 4.7% of the market by value with N168.2 billion in trades.
Their focus on building long-term relationships with clients, coupled with their diverse product offerings ranging from equities to fixed income, has earned them a loyal customer base.
Their commitment to financial education and investor awareness initiatives further strengthens their brand.
4. EFG Hermes NIG Limited:
EFG Hermes edges into the 4th position with N170.1 billion in trades and a 4.73% market share.
Their international pedigree and strong presence in emerging markets give them a unique edge in accessing foreign capital and attracting high-net-worth clients.
Their focus on alternative investments and private equity further diversifies their portfolio and attracts discerning investors.
3. APT Securities and Funds – BRD:
APT Securities leaps ahead, securing a commendable 7.84% market share and N281.8 billion in trades.
Their aggressive expansion strategy, coupled with their focus on retail brokerage and online trading platforms, has attracted a large customer base.
Their innovative mobile app and user-friendly interface have further fueled their growth, particularly among younger investors.
2. Stanbic IBTC Stockbrokers Limited:
Just shy of the top, Stanbic IBTC impresses with nearly N294 billion in trades and an 8.29% market share.
Their strong presence across Africa and their robust corporate finance practice give them a distinct advantage in large-scale transactions and cross-border deals.
Their recent focus on sustainability and ESG-driven investments further positions them as a leader in the evolving financial landscape.
1. Cardinalstone Securities Limited:
Leading the pack, Cardinalstone Securities Limited dominates with over N440 billion in trade value, accounting for a substantial 12.26% of the market.
Their expertise in equity trading, their strong institutional relationships, and their ability to execute high-value transactions have established them as the undisputed leader in the Nigerian brokerage landscape.
Their recent acquisition of a leading asset management firm further solidifies their position and expands their product offerings.
Find the Ranking Source Link Here
