Chapel Hill Denham dominates NGX brokerage charts of high 10 corporations in weekly buying and selling

Chapel Hill Denham Securities Ltd dominated each the buying and selling worth and quantity charts within the Nigerian Alternate (NGX) brokerage rankings for the week ending October 3, 2025.

The agency outpaced its friends by a large margin, executing N53.82 billion value of transactions and buying and selling 10.97 billion items.

This represents 23.28% of the entire market worth and 65.26% of the entire market quantity.

The info, contained within the NGX weekly Dealer Efficiency Report launched on Friday, underscores Chapel Hill’s place on the forefront of exercise in a market more and more formed by institutional mandates and block transactions.

Market share hole widens sharply

The hole between Chapel Hill and its closest rivals is critical. First Securities Brokers Ltd (FBNS) ranked second with N33.46 billion in trades (14.47%) and 1.57 billion items (9.36%), whereas Stanbic IBTC Stockbrokers Ltd (SISB) adopted with N30.67 billion (13.27%) and 688 million items (4.09%).

Collectively, these three brokers alone accounted for almost 90% of whole quantity dealt with by the highest 10.

Brokerage exercise concentrated on the high

The highest 10 brokerage corporations dealt with a complete of N172.26 billion in commerce through the week beneath assessment, representing 74.51% of the complete market worth. By quantity, the focus was much more pronounced, with the highest 10 executing 88.13% of all trades, an indication of decreased market dispersion and growing reliance on a handful of dominant gamers.

Corporations like CardinalStone Securities (3.26%), Afrinvest Securities (1.27%), and Morgan Capital Securities (1.17%) rounded out the highest dealing corporations by quantity, whereas Arthur Steven Asset Administration and Cordros Securities made notable showings on the worth chart.

Different mid-size corporations make influence

Whereas dominance on the high is obvious, Meristem Stockbrokers, Newdevco Finance, and Lambeth Capital made the highest 10 by quantity, though their particular person market shares had been under 1%.

On the worth aspect, smaller however succesful corporations like EFG Hermes Nigeria (N4.56 billion), Quantum Zenith Securities (N4.53 billion), and APT Securities and Funds (N4.36 billion) demonstrated the power to draw high-value trades regardless of the overshadowing presence of the highest three.

Institutional mandates possible behind Chapel Hill’s dominance

Market analysts level to massive institutional orders, doubtlessly from offshore funds or home asset managers, as the important thing driver behind Chapel Hill Denham’s unprecedented weekly efficiency.

“The focus seen right here suggests Chapel Hill Denham is executing main mandates, possible from international portfolio traders or massive home funds,” famous one Lagos-based capital markets analyst who requested anonymity. “Such dominance displays confidence within the agency’s analysis, execution, and liquidity administration.”

With over half of the entire traded items flowing by means of one agency, Chapel Hill’s efficiency is being described as strategically dominant and uncommon within the NGX’s sometimes extra dispersed market.

Can opponents shut the hole within the coming weeks?

As This autumn 2025 begins, market observers are eager to see whether or not rivals like FBNS and Stanbic IBTC can problem Chapel Hill Denham’s grip. A lot will rely upon macroeconomic circumstances, financial coverage strikes, and the way ongoing market repositioning will influence the capital market operators.

Corporations with strong buying and selling platforms and liquidity, robust analysis capabilities, and cross-border execution frameworks are anticipated to keep up a aggressive edge in what’s shaping as much as be a transformative period for Nigerian equities.

High 3 Brokers by Quantity (Sept. 29 – Oct. 3, 2025):