Investment firm CardinalStone Securities has announced a record transaction volume of ₦55 billion on the Nigerian Exchange (NGX), as bullish sentiments continue to drive market activity to new highs.
The firm’s performance reflects growing investor confidence and robust participation across key sectors, including banking, telecommunications, and consumer goods. The milestone comes as the NGX sustains a rally spurred by macroeconomic reforms, foreign portfolio inflows, and renewed corporate earnings optimism.
Speaking on the development, CardinalStone’s Head of Securities Trading, Tunde Adebayo, said the achievement underscores the firm’s strong market positioning and deep client network. “We are proud to have played a significant role in the current market momentum. Our clients continue to trust us for smart, timely execution in a fast-evolving investment landscape,” he noted.
Market analysts attribute the surge in transaction volumes to a combination of factors, including the Central Bank of Nigeria’s interest rate adjustments, relative exchange rate stability, and reforms aimed at improving ease of doing business.
The Nigerian Exchange has witnessed an uptick in activity over recent weeks, with the All-Share Index (ASI) rising steadily and major blue-chip stocks recording gains. Institutional and retail investors alike are reportedly taking advantage of the rally to reposition their portfolios.
CardinalStone’s performance adds to a broader trend of strong trading activity by leading brokerages, signaling a deepening of market liquidity and growing investor appetite.
Industry observers say if the current momentum continues, the NGX may be poised for one of its most active trading years in recent memory.
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