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Cardinalstone Securities trades N143.6bn on NGX



Cardinalstone Securities Limited has said it traded a total value of N143.6bn on the Nigerian Exchange Limited.

A statement on Wednesday said this was according to the broker performance report, released by the NGX at the close of trading on December 31, 2021.

It said, “In addition, the firm was number one by trade volume, executing more than 15 billion units of shares in 2021.

“The NGX report states that Cardinalstone accounted for about nine per cent of total trade volume and about eight per cent of trade value in 2021.”

The Managing Director, CardinalStone Securities Limited, Elile Olutimayin, said the firm leveraged the synergy and relationships garnered across all of its business units and subsidiaries to drive transactions in Nigeria’s capital market, executing trade value above N140bn.

“This stands as our best-ever yearly performance on the NGX. During the year, we improved the quality of service to our clients, deepened our product offerings, and made significant progress in onboarding strategic investors, foreign fund managers, and local asset managers.

“What has placed us apart from others is the unique, insightful, and innovative trade ideas, robust investment research, and solutions we consistently churn out to clients, ensuring that our customers consistently meet their investment objectives despite the tough macro environment.”

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