The President of Chartered Institute of Stockbroker (CIS), Mr. Mike Itegboje, has tasked stockbroking firms to   employ strategies and innovations  that would enable them play bigger roles in the nation’s capital market.

Speaking at the 2012 Annual Dinner, Awards Night and Investiture of Fellows ceremony in Lagos last Friday, Itegboje said: “We must not continue to do business as usual. We must be bigger than we are today.”

He said also tasked the new fellows of the institute, saying that they must  uphold the integrity and credibility of the securities dealing profession. Fellowship status is the CIS highest category of membership and it  is given to members who have spent five years as associates of at least five years standing as an associate  may be elected as Fellows.
A total of 35 associates members were made fellows and Itegboje declared that  any member  who abused the new status could forfeit his or her membership.

He therefore urged them to show good example by rendering quality services to their clients, adhering to the laws and rules guiding securities trading in the capital market and upholding the integrity of the profession.

Some of the new fellows include: Mr. Ifeanyi Odunwa of Investment Centre Limited; Mr. Kwent Okoli of Diamond Securities Limited; Mr. Chidi Agbapu of Emerging Capital Limited; Mr. Rotimi Oyeniyi of CIS;Clement Ukogu of Cashcraft Asset Management Limited;Mr. Tunde Adeyemi of DHTL Capital Management Limited; Wale Agbeyangi of Cordros Capital Limited among others.

Apart from the investiture of new fellows, CIS also rewarded students with outstanding performance, listed companies and capital registrars that have facilitated their  operations  in the market.

Speaking on the awards to the companies   the CIS boss said they were the companies that met the listing requirements, added value to investors, gave adequate information that assisted in research and analysis by brokers.

Itegboje explained that the companies were selected by stockbrokers, who deal on the securities and have studied their performance over the years.

Guaranty Trust Bank Plc won in the financial services beating  First Bank of Nigeria Plc and  Zenith Bank Plc.

Under the consumer goods sector, Nestle Nigeria Plc   emerged winner ahead of  Nigerian Breweries Plc and Unilever Nigeria Plc. CAP Plc, Dangote Cement Plc and Lafarge Cement WAPCO Nigeria Plc were selected in the industrial services sector. But  Lafarge Cement won in the sector.

In the  natural resources  sector  Total Nigeria emerged winner beating Mobil Oil Nigeria Plc and Oando Plc.
First Registrars Limited was adjudged the best registrar, coming ahead of GT Registrars Limited and Zenith Registrars Limited.

Source: Thisday/Goddy Egene