Stanbic IBTC, CSL, Rencap lead top 10 brokerage firms in January
Summary
In the latest monthly broker performance report for January 2018 released by the Nigerian Stock Exchange (NSE), Stanbic IBTC, CSL Stockbrokers and Rencp Securities led the top 10 stockbrokers’ performance table in value terms, while United Capital Securities Limited, Stanbic IBTC Stockbrokers Limited and Reward Investment and Services Limited led top 10 in volume terms. Reacting to this performance, Chairman, Pragmatic Shareholders Association of Nigeria, PSAN, Mrs.Bisi Bakare, who spoke the minds of its group, said: “We welcome this development from the NSE as this will enhance competition among the brokers. The brokers should be able to develop products that will attract both foreign and local investors.” Chief Executive, Stanbic IBTC Stockbrokers Limited, Mrs. Titi Ogungbesan said ; “The most important characteristics that have endeared our firm to clients are integrity, professionalism and painstaking execution capabilities. According to Ogungbesan, the firm does not only seek to execute transactions, it builds quality relationships with clients and other stakeholders, which is why investors naturally gravitate towards it. Equally important, she stated, is the fact that the broker continues to deploy cutting-edge technology to provide innovative products and excellent services in a way to boost investor confidence in the market.