CardinalStone leads market column, value for third consecutive year

CardinalStone Securities Limited again dominated the capital markets, securing the top position as the number one stockbroker by both volume and value on the Nigerian Exchange (NGX) last year.

This marks the third consecutive year the firm would lead the tables, underscoring its unwavering commitment to excellence, innovation and client-centric solutions.

According to recently-released NGX Broker Performance Report for 2024, CardinalStone Securities delivered stellar results in trading volume, with 23.67 billion units traded, representing 8.51 per cent of the total market volume.

In terms of transaction value, the firm recorded N696.03 billion, accounting for a market-leading 12.19 per cent of the total market value.

Group Managing Director of CardinalStone, Michael Nzewi, attributed the accomplishment to the firm’s vision, core values, and its dominant position in the industry.

He noted that the firm’s success reflects its ability to adapt to evolving market dynamics while delivering exceptional results for a diverse clientele, including institutional investors, corporates and individual investors.

Nzewi emphasised that over the years, CardinalStone Securities has established itself as a trusted partner in navigating Nigeria’s capital markets.

He also highlighted the firm’s consistent delivery of top-tier trading solutions and its ability to execute complex transactions with precision, earning the confidence of clients and industry stakeholders alike.

Nzewi reiterated that the firm remains steadfast in its commitment to innovation, integrity and delivering unparalleled value to clients and stakeholders.

The Managing Director of CardinalStone Securities, Peter Omoregie, credited the firm’s sustained success in topping the NGX league tables for three consecutive years to its relentless focus on excellence, the collaborative efforts of its dedicated team and the trust of its clients.

He expressed pride in the firm’s ability to play a leading role in shaping Nigeria’s capital markets, promising to continue setting new benchmarks for performance and service delivery.

“This recognition is the latest in a series of accomplishments that highlight CardinalStone’s leadership in the financial services industry. The firm’s ability to consistently lead the market is rooted in its strategic focus on delivering exceptional client experiences and maintaining the highest standards of professionalism and integrity,” he stated.

Omoregie also noted that as the firm enters its next phase of growth, it remains committed to fostering market efficiency, supporting economic development, and empowering clients to achieve their financial goals.

He said by maintaining its leadership position and setting the standard for excellence in Nigeria’s capital markets, CardinalStone Securities is poised to continue its growth trajectory and remain a key player in the financial services industry for years to come.