Top 10 stockbroking firms dominated market activity across equities, fixed income, exchange-traded funds, and overall asset classes, as the Nigerian Exchange Limited witnessed a strong concentration of trading activity between 17 August and 21 August 2026.
In the equities market, the top 10 stockbrokers generated 59.89 per cent of the total transaction value during the five-day trading period. First Securities Brokers Limited led the equities leaderboard with N30.04bn in total trade value, representing 9.52 per cent of overall volume. Imperial Asset Managers Limited followed in second place with N28.57bn, accounting for 9.06 per cent, while CardinalStone Securities Limited captured third place with N26.58bn or 8.43 per cent.
Other prominent performers in the equity market included Cordros Securities Limited with N24.23bn (7.68 per cent), Stanbic IBTC Stockbrokers Limited with N21.98bn (6.97 per cent), and United Capital Securities Limited with N15.66bn (4.97 per cent). CSL Stockbrokers Limited, Chapel Hill Denham Securities Ltd, Stanex Financial Nigeria Limited, and Meristem Stockbrokers Limited rounded out the top 10, with trades ranging from N9.87bn to N11.04bn.
Fixed income trading reflected an even higher degree of market concentration, with the top 10 stockbrokers responsible for 96.41 per cent of the total trade value. Coronation Securities Limited and Vetiva Capital Management Ltd dominated the segment, each commanding 47.19 per cent of total market value with N1.38bn in transactions.
Apel Asset Limited came in third with N20.57m (0.70 per cent), closely followed by Finmal Finance Company Limited with N20.24m (0.69 per cent) and Smadac Securities Limited with N19.30m (0.66 per cent). Other brokers contributing to the fixed income segment included APT Securities and Funds, Meristem Stockbrokers Limited, El-Elyon Alliance and Securities Ltd, Sigma Securities Limited, and Tiddo Securities Limited.
The exchange-traded funds segment showed distinct market leadership, with the top 10 brokers handling 89.06 per cent of total transaction value. Lambeth Capital Limited secured the top spot in ETF trading with N330.88m, capturing 27.41 per cent of total trades.
CardinalStone Securities Limited placed second with N113.84m (18.62 per cent), while Stanbic IBTC Stockbrokers Limited generated N93.03m (14.35 per cent). Afrinvest Securities Ltd and Atlass Portfolios Limited posted N81.15m and N68.34m, respectively, followed by Apel Asset Limited, Vetiva Capital Management Ltd, Smadac Securities Limited, United Capital Securities Limited, and Morgan Capital Securities Limited.
Across all asset classes combined, the top 10 stockbrokers accounted for 59.26 per cent of total market value over the trading week. First Securities Brokers Limited maintained its supreme position across all asset classes with N30.05bn in transactions, representing 9.40 per cent of total market value.
Imperial Asset Managers Limited took second place with N28.57bn (8.94 per cent), followed by CardinalStone Securities Limited with N26.79bn (8.39 per cent). Cordros Securities Limited recorded N24.23bn (7.58 per cent), while Stanbic IBTC Stockbrokers Limited posted N22.15bn (6.93 per cent).
The remaining overall leaders included United Capital Securities Limited with N15.68bn, CSL Stockbrokers Limited with N11.05bn, Chapel Hill Denham Securities Ltd with N10.57bn, Stanex Financial Nigeria Limited with N10.36bn, and Meristem Stockbrokers Limited with N9.90bn.
The figures underscore the strong institutional presence and trading volume generated by the top brokerages on the Nigerian Exchange as investors continually route major transactions through established market operators.