<strong>18</strong> BUSINESS A.M. FEBRUARY, MONDAY <strong>05</strong> - SUNDAY 11, 20<strong>18</strong>
BUSINESS A.M. FEBRUARY, MONDAY <strong>05</strong> - SUNDAY 11, 20<strong>18</strong> COMPANY 19 L-R: Taiwo Akerele, chief of staff to the governor; Godwin Obaseki, governor, Edo State; Geoffrey Onyeama, minister of foreign affairs; and Yinka Omorogbe, commissioner for justice and attorney general, Edo State and head, Edo State Task Force Against Human Trafficking, during the governor’s visit to the minister in Abuja United Capital, Stanbic IBTC take lead as stockbrokers execute N231.72bn transactions in January ‘<strong>18</strong> Andy Nssien The top ten stockbrokers operating in the Nigerian stock market traded a total of 22.592 billion shares valued at N231.717 billion during the four trading weeks of January, a breakdown by business a.m. of statistics made available by The Nigerian Stock Exchange has shown. The numbers represent a decrease of 46 percent in total value and an increase of 98 percent in total volume of transactions executed by the Big Ten against the numbers posted in December 2017, which stood at N432.688 billion and 11.436 billion shares respectively. Of the aggregate number of shares traded this year, the top ten brokers exchanged a total of 2.743 billion shares valued at N25.885 billion during the week ended January 5; traded 5.<strong>05</strong>4 billion shares worth N97.581 billion for the week ended January 12; 4.442 billion shares valued N51.953 billion; and 10.353 billion shares worth N56.298 billion for the weeks ended January 19 and January 26 respectively. Further breakdown of the figures shows that for the week ended January 5, the top ten stockbrokers accounted for 56.76 percent and 68.78 percent of the total volume and value respectively, transacted during the first week of the month. For the second week ended January 12, the top ten stockbrokers volume and value of shares traded stood at. 53.33 percent and 70.72 percent respectively of the total trading figures during the period, while they accounted for 44.31 percent and 56.56 percent of the volume and value traded respectively in the week ended January 19. For the last week ended January 26, the top ten brokers accounted for 72.33 percent and 66.15 percent of total volume and value of shares respectively, exchanged during the period. Further analysis by business a.m. indicates that United Capital Securities Limited, a member of UBA Group, topped the table with 766,780,859 shares or 15.86 percent of the total volume of shares traded during the first week, while in value terms, Stanbic IBTC Stockbrokers Limited was ahead with N8,2<strong>18</strong>,<strong>05</strong>8,000.90 or 21.84 percent worth of shares traded. Stanbic IBTC Stockbrokers took prime position in the second week with its traded volume at 1,078,320,062 shares or 10.74 percent of the total business for the week, while in value terms it was also on top with N31,179,957,198.04 or 22.60 percent worth of aggregate transactions recorded by the group during the period. With 970,365,547 or 9.68 percent of the total volume traded, United Capital Limited again topped the list of the total volume transacted in the week ended January 19, while Stanbic IBTC Stockbrokers Limited recorded shares worth a total of N12,4<strong>02</strong>,934,630.66 or 13.50 percent to lead in the value of business executed in the week. United Capital Limited controlled both the volume and value of shares executed during the last week of the month with a total of 7,685,959,519 shares or 53.70 percent and N19,530,014,642.34 worth of shares or 22.95 percent respectively garnered to dominate the pack during the period. Oando appoints Muntari Muhammed Zubairu executive director Ajose Sehindemi Oando Plc has announced the appointment of Muntari Muhammed Zubairu as executive director effective February 5, 20<strong>18</strong>. In the notification to the Nigerian Stock Exchange (NSE) and the investing public, the company said the appointment of Zubairu was in accordance with Article 88 of the Company’s articles of association. Zubairu would also double as group chief corporate services and operations O of the company. According to the notification, Zubairu is a highly respected leader with 26 years progressive experience in the financial services industry. His experience and achievements cover key aspects of banking, including international banking, treasury operations, retail, corporate and commercial banking. He was until recently, a deputy general manager and group head, commercial banking North, at Access Bank Plc. In that role, he used his experience and vast network to drive the bank’s strategy and growth in the North. Prior to working with Access Bank, Zubairu worked at various times as group head retail banking and public sector at FirstBank (2010-2017), group head commercial banking and divisional head public sector at Diamond Bank (1998-2010), and at FSB International Bank (1995-1998) and Citibank Nigeria (1992- 1995) amongst other leadership roles. Zubairu holds an MSc in project management from the University of Salford, an MBA from the University of Abuja and a B.Engr. electrical engineering from Ahmadu Bello University Zaria. He is a member of Chartered Institute of Bankers of Nigeria, Nigerian Society of Engineers and Council for the Regulation of Engineering in Nigeria. He has also attended several Executive Management Programmes in the leading institutions including Harvard Business School, Insead Business School, Massachusetts Institute of Technology and Lagos Business School. Analysts at Cordros predict firming up for CBN’s purchasing managers index in 20<strong>18</strong> Andy Nssien The top ten stockbrokers operating in the Nigerian stock market traded a total of 22.592 billion shares valued at N231.717 billion during the four trading weeks of January, a breakdown by business a.m. of statistics made available by The Nigerian Stock Exchange has shown. The numbers represent a decrease of 46 percent in total value and an increase of 98 percent in total volume of transactions executed by the Big Ten against the numbers posted in December 2017, which stood at N432.688 billion and 11.436 billion shares respectively. Of the aggregate number of shares traded this year, the top ten brokers exchanged a total of 2.743 billion shares valued at N25.885 billion during the week ended January 5; traded 5.<strong>05</strong>4 billion shares worth N97.581 billion for the week ended January 12; 4.442 billion shares valued N51.953 billion; and 10.353 billion shares worth N56.298 billion for the weeks ended January 19 and January 26 respectively. Further breakdown of the figures shows that for the week ended January 5, the top ten stockbrokers accounted for 56.76 percent and 68.78 percent of the total volume and value respectively, transacted during the first week of the month. For the second week ended January 12, the top ten stockbrokers volume and value of shares traded stood at. 53.33 percent and 70.72 percent respectively of the total trading figures during the period, while they accounted for 44.31 percent and 56.56 percent of the volume and value traded respectively in the week ended January 19. For the last week ended January 26, the top ten brokers accounted for 72.33 percent and 66.15 percent of total volume and value of shares respectively, exchanged during the period. Further analysis by business a.m. indicates that United Capital Securities Limited, a member of UBA Group, topped the table with 766,780,859 shares or 15.86 percent of the total volume of shares traded during the first week, while in value terms, Stanbic IBTC Stockbrokers Limited was ahead with N8.22 billion or 21.84 percent worth of shares traded. Stanbic IBTC Stockbrokers took prime position in the second week with its traded volume at 1,078,320,062 shares or 10.74 percent of the total business for the week, while in value terms it was also on top with N31,179,957,198.04 or 22.60 percent worth of aggregate transactions recorded by the group during the period. With 970,365,547 or 9.68 percent of the total volume traded, United Capital Limited again topped the list of the total volume transacted in the week ended January 19, while Stanbic IBTC Stockbrokers Limited recorded shares worth a total of N12,4<strong>02</strong>,934,630.66 or 13.50 percent to lead in the value of business executed in the week. United Capital Limited controlled both the volume and value of shares executed during the last week of the month with a total of 7,685,959,519 shares or 53.70 percent and N19,530,014,642.34 worth of shares or 22.95 percent respectively garnered to dominate the pack during the period.
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