December 31, 2025/Cordros Report
EQUITIES
Bullish sentiments persisted in the local bourse today as gains in BUAFOODS (+1.3%), FIRSTHOLDCO (+7.9%) and MTNN (+0.8%) drove the All-Share Index higher by 0.4% to 155,613.03 points. As a result, the Month-to-Date and Year-to-Date returns settled at +8.4% and +51.2%, respectively.
The total volume of trades declined by 73.8% to 1.23 billion units, valued at NGN35.13 billion, and exchanged in 27,884 deals. CHAMS was the most traded stock by volume at 710.28 million units while ARADEL was the most traded stock by value at NGN 9.52 billion.
Sectoral performance was mixed, as the Insurance (+2.2%), Banking (+1.5%), and Consumer Goods (+0.2%) indices advanced, while the Oil & Gas (-0.6%) and Industrial Goods (-0.1%) indices declined.
As measured by market breadth, market sentiment was positive (3.1x), as 46 tickers gained relative to 15 losers. ALEX (+9.9%) and AUSTINLAZ (+9.8%) topped the gainers, while NEIMETH (-9.4%) and TANTALIZER (-6.7%) led the laggards.
CURRENCY
The official FX rate remained unchanged at NGN1,435.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate remained unchanged at 22.8%.
The NTB secondary market traded on a bullish note, as the average yield contracted by 1bp to 17.6%. Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-1bp) segments, driven by the demand for the 85DTM (-1bp),169DTM (-1bp) and 351DTM (-1bp) bills, respectively. Similarly, the average yield contracted by 3bps to 21.9% in the OMO segment.
The Treasury bond secondary market closed on a bullish note, as the average yield contracted by 1bp to 16.4%. Across the benchmark curve, the average yield contracted at the short (-3bps) end, driven by buying interest in the FEB-2031 (-10bps) bond but closed flat at the mid and long segments.
Kindly see below our Mutual Fund prices and returns as of today.
