December 15, 2025/Cordros Report
EQUITIES
The Nigerian equities market traded on a quiet note, as gains in FIRSTHOLDCO (+9.9%) and GUINNESS (+10.0%) were offset by declines in NB (-6.9%) and WEMABANK (-2.7%), leaving the benchmark index unchanged at 149,437.88 points. Sequentially, the Month-to-Date and Year-to-Date returns settled at +4.1% and +45.2%, respectively.
The total volume traded declined by 3.2% to 553.16 million units, valued at NGN13.27 billion, and exchanged in 28,907 deals. FCMB was the most traded stock by volume at 92.04 million units, while VITAFORM was the most traded stock by value at NGN1.77 billion.
Analyzing by sectors, the Banking (+0.9%) and Insurance (+0.9%) indices advanced, while the Consumer Goods (-0.8%) and Oil & Gas (-0.1%) indices declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.2x), as 27 tickers gained relative to 22 losers. SOVRENINS (+10.0%) and GUINNESS (+10.0%) led the gainers, while PRESTIGE (-10.0%) and FTNCOCOA (-8.2%) recorded the most significant losses of the day.
CURRENCY
The official FX rate appreciated by 0.4% to NGN1,453.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate remained unchanged at 22.8%.
The NTB secondary market traded with bullish sentiment as the average yield contracted by 29bps to 17.4%. Across the curve, the average yield contracted at the short (-19bps), mid (-43bps) and long (-25bps) segments, driven by the demand for the 52DTM (-120bps), 94DTM (-150bps) and 325DTM (-45bps) bills, respectively, Similarly, the average yield contracted by 27bps to 21.8% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a calm note, as the average yield closed flat at 16.5%.
Kindly see below our Mutual Fund prices and returns as of today.
