January 29, 2026/Cordros Report
EQUITIES
The Nigerian equities market closed today’s trading session on a positive note as gains in FIRSTHOLDCO (+3.3%), TRANSCORP (+1.0%), and INTBREW (+3.6%) drove the All-Share Index higher by 0.2% to 165,527.31 points. As a result, the Year-to-Date returns settled higher at +6.4%.
The total volume traded increased by 11.0% to 691.42 million units, valued at NGN15.37 billion, and exchanged in 38,665 deals. CUTIX was the most traded stock by volume at 144.62 million units, while GEREGU was the most traded stock by value at NGN2.78 billion.
Sectoral performance was broadly positive as the Banking (+0.7%), Insurance (+0.6%), Consumer Goods (+0.5%) and Oil & Gas (+0.1%) indices advanced, while the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.6x), as 41 tickers gained relative to 26 losers. RTBRISCOE (+10.0%) and SCOA (+9.9%) led the gainers, while HMCALL (-9.8%) and UNIONDICON (-9.8%) posted the most significant losses of the day.
CURRENCY
The official FX rate appreciated by 1.2% to NGN1,384.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 4bps to 22.8%, following debits from the OMO PMA (NGN3.79 trillion).
Activities in the Treasury bills secondary market were bullish, as the average yield contracted by 24bps to 18.1%. Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-52bps) segments due to the demand for the 84DTM (-1bp), 175DTM (-1bp) and 322DTM (-169bps) bills, respectively. Similarly, the average yield contracted by 1bp to 21.6% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note, as the average yield contracted by 8bps to 15.6%. Across the benchmark curve, the average yield contracted at the short (-6bps) and mid (-28bps) segments, driven by buying interest in the FEB-2031 (-26bps) and APR-2032 (-97bps) bonds, respectively, but remained unchanged at the long end.
Kindly see below our Mutual Fund prices and returns as of today.
