Regency Asset Management Leads NGX Top Ten Brokers Performance
Regency Asset Management Limited led top 10 stockbrokers on the Nigerian Exchange (NGX) that was responsible for largest volume and value of companies share traded in the market in the just concluded week.
According to NGX, Regency and nine other stockbroking firms were responsible for 67.13% of the total volume between 29/07/2024 and 02/08/2024.
On the volume side, Regency was responsible for 18.17% of the total volume traded in the local bourse, followed by FBN Quest Securities Limited (13%) and PAC Securities Limited (12.70%).
In the middle were stockbroking firms that drove volume trade include Network Capital Limited (6.86%), CSL Stockbrokers Limited (4.72%) and Morgan Capital Securities Limited (3.10%).
Others include APT Securities and Fund Limited (2.35%), EFG Hermes Nigeria Ltd (2.29%); CardinalStone Securities Limited (2.11%) and Meristem Securities Limited (2.11%).
These top 10 stockbrokers were responsible for 67.37% of the total value traded on the exchange at the same period. Trade conducted by Regency accounted for 12.52% of the entire transactions value in the local bourse in the just concluded week.
Other trade value drivers in the local bourse was CSL Stockbrokers Limited, accounting for 11.03% of the total trade conducted.
FBN Quest Securities Limited came third on the list. accounting for 9.56% of the entire trade value, while PAC Securities Limited’s transactions conducted in the market accounted for 8.63% of the value.
CardinalStone Securities Limited accounted for 5.72% of trades’ value in the market, followed closely by 5.07% pulled by Stanbic IBTC stockbrokers.
EFG Hermes Nigeria Limited trades conducted in the market was 5.03% of the total transactions followed by Network capital Limited, which traded 4.74%. United Capital Securities Limited and Cordros Capital were responsible for 2.57% and 2.50% of the trade value. #Regency Asset Management Leads NGX Top Ten Brokers Performance
