December 17, 2025/Cordros Report
Bullish sentiments persisted in the local bourse today as gains in FIRSTHOLDCO (+10.0%) and OKOMUOIL (+6.8%) drove the All-Share Index higher by 0.3% to 149,842.82 points. As a result, the Month-to-Date and Year-to-Date returns settled at +4.4% and +45.6%, respectively.
The total volume of trades advanced by 477.4% to 5.93 billion units, valued at NGN216.19 billion, and exchanged in 25,205 deals. ETI was the most traded stock by volume and value at 5.25 billion units and NGN 168.66 billion, respectively.
Sectoral performance was mixed, with gains in Insurance (+2.0%) and Banking (+1.5%), indices, while the Industrial Goods (-0.6%) and Oil & Gas (-0.1%) indices declined. The Consumer Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.6x), as 37 tickers gained relative to 23 losers. FIRSTHOLDCO (+10.0%) and LASACO (+10.0%) topped the gainers, while LIVINGTRUST (-10.0%) and INTENEGINS (-9.9%) led the laggards.
CURRENCY
The official FX rate depreciated by 0.2% to NGN1,460.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 5bps to 22.8% in the absence of any significant funding pressure on the system.
The Treasury bond secondary market closed on a bullish note, as the average yield contracted by 2bps to 16.6%. Across the benchmark curve, the average yield contracted at the short (-4bps) and Mid (-1bp) segments, driven by buying interest in the FEB-2031 (-14bps) and APR-2032(-3bps) bonds, respectively.
Kindly see below our Mutual Fund prices and returns as of today.
