February 5, 2026/Cordros Report
EQUITIES
The Nigerian equities market maintained its bullish momentum, as buying interest in MTNN (+3.7%), SEPLAT (+10.0%), DANGCEM (+1.6%), and FIRSTHOLDCO (+2.1%) lifted the All-Share Index by 1.2% to 170,005.36 points. As a result, the Month-to-Date and Year-to-Date returns settled higher at +2.8% and 9.25%, respectively.
The total volume traded advanced by 2.6% to 712.98 million units, valued at NGN22.26 billion, and exchanged in 46,104 deals. ACCESSCORP was the most traded stock by volume at 106.63 million units, while GEREGU was the most traded stock by value at NGN2.80 billion.
Sectoral performance was broadly positive as the Oil & Gas (+4.7%), Industrial Goods (+0.8%), Banking (+0.6%), Consumer Goods (+0.1%) indices advanced while the Insurance (-0.3%) index declined.
As measured by market breadth, market sentiment was positive (2.9x), as 53 tickers gained in relation to 18 losers. SEPLAT (+10.0%) and GUINEAINS (+10.0) recorded the most significant gains of the day, while DEAPCAP (-9.6%) and UNIVINSURE (-9.4%) led the losers.
CURRENCY
The official FX rate depreciated by 0.3% to NGN1363.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 3bps to 22.8% in the absence of funding pressures on the system.
The NTB secondary market traded with bullish sentiments, as the average yield contracted by 43bps to 17.8%. Across the curve, the average yield contracted at the short (-13bps), mid (-8bps) and long (-83bps) segments driven by the demand for the 28DTM (-108bps), 182DTM (-54bps) and 273DTM (+161bps) bills, respectively. Similarly, the average yield contracted by 1bp to 21.9% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note, as the average yield contracted by 13bps to 16.1%. Across the benchmark curve, the average yield contracted at the short (-30bps) and mid (-13bps) segments, following the demand for the AUG-2030 (-65bps) and JUL- 2034 (-30bps) bonds, respectively. The average yield remained unchanged at the long end
Kindly see below our Mutual Fund prices and returns as of today.
