December 22, 2025/Cordros Report
EQUITIES
The domestic equities market opened the week on a positive note as gains in BUACEMENT (+2.4%), FIRSTHOLDCO (+2.3%), PRESCO (+1.4%) and INTBREW (+4.2%) drove the All-Share Index higher by 0.3% to 152,459.07 points. Consequently, the Month-to-Date and Year-to-Date returns advanced to +6.2% and +48.1%, respectively.
The total volume of trades declined by 71.0% to 436.20 million units, valued at NGN12.83 billion, and exchanged in 33,008 deals. TANTALIZER was the most traded stock by volume at 50.18 million units while ARADEL was the most traded stock by value at NGN1.51 billion, respectively.
Sectoral performance was mixed as the Industrial Goods (+0.9%) and Consumer Goods (+0.5%) indices advanced while the Insurance (-0.5%) index declined. The Banking and Oil & Gas index closed flat.
As measured by market breadth, market sentiment was positive (1.9x), as 34 tickers gained relative to 19 losers. ALEX (+9.7%) and INTENEGINS (+9.7%) led the gainers, while ABCTRANS (-10.0%) and CUSTODIAN (-10.0%) posted the most significant losses of the day.
CURRENCY
The official FX rate depreciated by 1.2% to NGN1,460.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 15bps to 22.7%, following inflows from FGN bond coupon payments (NGN242.07 billion).
Activities in the Treasury bills secondary market was bullish as the average yield contracted by 3bps to 17.6%. Across the curve, the average yield contracted at the short (-2bps), mid (-2bps), and long (-3bps) segments driven by the demand for the 59DTM (-3bps), 171DTM (-3bps) and 346DTM (-4bps) bills, respectively. Likewise, the average yield contracted by 4bps to 22.0% in OMO segment.
The FGN bond secondary market traded on a quiet note as the average yield remained unchanged at 16.6%.
Kindly see below our Mutual Fund prices and returns as of today.
