January 13, 2026/Cordros Report
EQUITIES
The domestic equities market closed on a positive note as gains in MTNN (+10.0%) and UBA (+4.4%) drove the All-Share Index higher by 1.6% to 165,837.32 points. As a result, the Month-to-Date and Year-to-Date returns settled higher at +6.6%.
The total volume of trades declined by 1.6% to 1.13 billion units, valued at NGN33.55 billion, and exchanged in 49,216 deals. SOVRENINS was the most traded stock by volume at 343.54 million units while MTNN was the most traded stock by value at NGN10.85 billion.
Sectoral performance was broadly positive as the Banking (+1.3%), Consumer Goods (+0.7%), Oil & Gas (+0.4%) and Industrial Goods (+0.1%) indices advanced, while the Insurance (-0.1%) index declined.
As measured by market breadth, market sentiment was positive (4.2x), as 54 tickers gained relative to 13 losers. DEAPCAP (+10.0%) and CAVERTON (+10.0%) topped the gainers, while UNIVINSURE (-6.3%) and PRESTIGE (-5.8%) recorded the most significant losses of the day.
CURRENCY
The official FX rate depreciated by 0.1% to NGN1,422.17/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 2bps to 22.7% in the absence of any significant inflows into the system.
The NTB secondary market traded on a quiet note albeit with a bearish tilt, as the average yield expanded by 1bp to 18.0%. Across the curve, the average yield expanded at the mid (+7bps) segment due to selloffs of the 114DTM (+53bps) bill but contracted at the short (-1bp) and long (-2bps) ends, driven by the demand for the 86DTM (-1bp) and 359DTM (-17bps) bills, respectively. Conversely, the average yield contracted by 1bp to 21.5% in the OMO segment.
The Treasury bond secondary market closed on a bearish note, as the average yield expanded by 24bps to 16.8%. Across the benchmark curve, the average yield expanded at the short (+46bps), mid (+10bps) and long (+12bps) segments driven by the sell pressures on the JAN-2026 (+223bps), JUN-2033 (+39bps) and JUN-2038 (+58bps) bonds, respectively.
Kindly see below our Mutual Fund prices and returns as of today.
