According to the broker performance report, released by the
Exchange, the firm emerged as number one by trade volume, executing more than
15.23 billion units of shares in 2021.
A total of 10 stockbrokers on the NGX traded N1.01 trillion
value and 76.3billion volume of transactions in 2021.
Cardinalstone Securities traded accounted for nine per cent
of total trade volume and eight per cent of trade value in 2021, to position
the firm as one of the top two stockbroking firms in Nigeria.
The company noted that the giant strides and growth achieved
considering the firm finished in the top five category just over a year ago.
The Managing Director of CardinalStone Securities Limited,
Elile Olutimayin, in a statement alluded to the fact that the Firm has
leveraged on 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 N140billion, this stands as its best-ever yearly
performance on the NGX.
She further described some major steps taken to achieve this
position “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.
She added, “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.
Notably, we received the Businessday Banks and Other
Financial Institutions Award for the category “Stockbroking Firm of the Year.”
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