02-05-18

BUSINESS A.M. FEBRUARY, MONDAY 05 - SUNDAY 11, 2018
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 ‘18
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 5.054 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 N8,218,058,000.90
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 N12,402,934,630.66 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, 2018. 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 2018
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 5.054 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 N12,402,934,630.66 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.