Nigerian Alternate (NGX) brokerage information for the primary full buying and selling week of 2026 week ended January 9, 2026, reveals that the highest 10 stockbrokers accounted for 54.52% of complete market quantity and 48.83% of complete market worth.
CardinalStone Securities Restricted (CSSL) emerged as essentially the most energetic dealer each quantity and worth as market exercise remained closely concentrated amongst a small group of dealing corporations together with Stanbic IBTC Stockbrokers, Meristem, and Cordros Securities.
Others are Atlass Portfolios, Afrinvest Securities, and Reward Funding and Companies. EFG Hermes Nigeria, APT Securities and Funds, and StoneX {Financial} Nigeria accomplished the highest ten brokers.
NGX information reveal {that a} focus of trades amongst 10 brokerage corporations accounting for 54.52% of complete market quantity and 48.83% of worth within the evaluation interval.
Through the week, NGX executed complete turnover of 4.164 billion shares value N94.026 billion in 248,254 offers.
Which means that the highest ten brokers executed trades amounting to N45.913 billion in transaction worth. CardinalStone Securities led decisively, accounting for twenty-four.93% of complete quantity and 11.62% of complete worth.
The sharp hole between CSSL and different brokers highlights robust focus in commerce execution.
Variations between quantity and worth rankings recommend distinct dealer methods, starting from high-turnover buying and selling to large-value institutional offers.
CSSL executed 2.08 billion shares, representing 24.93% of complete market quantity for the interval—by far the most important share amongst all brokers.
This implies almost one in each 4 shares traded on the NGX through the week handed by CardinalStone’s books.
The following closest rivals by quantity had been Morgan Capital Securities Restricted (464.7 million shares, 5.58%) and Meristem Stockbrokers Restricted (428.1 million shares, 5.14%), each far behind the market chief.
In worth phrases, CSSL additionally ranked first, dealing with transactions value N21.91 billion, equal to 11.62% of complete market worth through the interval.
This twin management in each quantity and worth is notable, because it suggests the agency captured a broad mixture of high-frequency trades and large-ticket transactions.
Whereas some brokers ranked excessive on quantity, others featured extra prominently by worth—highlighting totally different buying and selling profiles throughout the market.
Stanbic IBTC Stockbrokers and Meristem adopted CSSL on the worth desk, buying and selling N12.78 billion and N12.73 billion respectively, regardless of not matching CSSL’s dominance in share rely. Cordros Securities additionally stood out with N10.86 billion in traded worth.
In the meantime, corporations corresponding to Atlass Portfolios, Afrinvest Securities, and Reward Funding and Companies appeared among the many prime 10 by quantity however didn’t make the highest 10 by worth, suggesting greater turnover in lower-priced shares or smaller common commerce sizes.
Conversely, EFG Hermes Nigeria, APT Securities and Funds, and StoneX {Financial} Nigeria featured within the worth rating with out showing within the quantity prime 10, pointing to fewer however bigger transactions.
In keeping with the NGX report for full yr 2025, prime 10 brokers by quantity traded a mixed 223.7 billion shares, accounting for 49.41% of all broker-executed transactions through the one-year interval ended December 31, 2025, up from 118.95 billion within the prior yr.
The agency additionally ranked 2nd by quantity, facilitating 49 billion shares, or 10.82% of complete market quantity, reinforcing its dominance throughout each worth and exercise. One full week into the brand new, the agency has sustained its clear lead.
