January 14, 2026/Cordros Report
EQUITIES
The local bourse sustained its bullish momentum, as buying interest in SEPLAT (+8.6%), ARADEL (+5.5%), TRANSCORP (+3.1%), and ZENITHBANK (+1.5%) drove the All-Share Index higher by 0.6% to 166,771.95 points. Consequently, the Month-to-Date and Year-to-Date returns printed +7.2%.
The total volume traded declined by 32.6% to 761.94 billion units, valued at NGN29.85 billion, and exchanged in 55,751 deals. ACCESSCORP was the most traded stock by volume at 53.41 million units, while ARADEL was the most traded stock by value at NGN8.99 billion.
Sectoral performance was mixed as the Oil & Gas (+6.3%), Insurance (+0.8%), and Banking (+0.1%) indices advanced while the Consumer Goods (-0.2%) index declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.8x), 47 tickers gained relative to 26 losers. ACADEMY (+10.0%) and NCR (+10.0%) posted the most significant gains of the day, while MAYBAKER (-9.8%) and WAPIC (-6.8%) led the laggards.
CURRENCY
The official FX rate appreciated by 0.3% to NGN1,418.66/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 1bp to 22.7% in the absence of significant inflows into the system.
The NTB secondary market traded with bearish sentiments, as the average yield expanded by 17bps to 17.8%. Across the curve, the average yield expanded at the short (+1bp), mid (+27bps) and long (+21bps) segments, due to profit-taking activities on the 85DTM (+12bps), 141DTM (+70bps) and 232DTM (+43bps) bills, respectively. Similarly, the average yield expanded by 93bps to 22.5% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a quiet note, albeit with a bullish undertone, as the average yield contracted by 1bp to 16.8%. Across the curve, the average yield contracted at the short (-3bps) end, driven by demand for the FEB-2031 (-9bps) bond, but remained unchanged at the mid and long segments.
Kindly see below our Mutual Fund prices and returns as of today.
