February 9, 2026/Cordros Report
EQUITIES
The domestic equities market opened the week on a positive note, as gains in DANGCEM (+8.8%) and TRANSCORP (+5.2%) drove the All-Share Index higher by 1.3% to 173,946.22 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +5.2% and +11.8%, respectively.
The total volume traded declined by 18.7% to 775.18 million units, valued at NGN27.92 billion, and exchanged in 65,960 deals. ACCESSCORP was the most traded stock by volume at 67.14 million units, while ZENITHBANK was the most traded stock by value at NGN3.43 billion.
Analyzing by sectors, the Industrial Goods (+4.8%), Oil & Gas (+1.3%) and Consumer Goods (+0.7%) indices advanced while the Banking and Insurance indices declined.
As measured by market breadth, market sentiment was positive (2.3x), as 57 tickers gained relative to 25 losers. MAYBAKER (+10.0%) and CAP (+10.0%) led the gainers, while TRIPPLEG (-8.9%) and ABBEYBDS (-8.0%) posted the most significant losses of the day.
CURRENCY
The official FX rate appreciated by 1.3% to NGN1,358.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate remained unchanged at 22.8%, despite inflows from FGN bond coupon payments (NGN154.23 billion).
Activities in the Treasury bills secondary market were bullish, as the average yield contracted by 8bps to 17.6%. Across the curve, the average yield contracted at the short (-21bps) and mid (-6bps) segments due to the demand for the 45DTM (-88bps) and 101DTM (-22bps) bills, respectively but remained unchanged at the long end. Likewise, the average yield contracted by 2bps to 21.8% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a quiet note, as the average yield remained unchanged at 16.1%. Across the benchmark curve, the average yield contracted at the short (-1bp) end, due to buying interest on the APR-2029 (-5bps) bond but remained unchanged at the mid and long segments.
Kindly see below our Mutual Fund prices and returns as of today.
