February 19, 2026/Cordros Report
EQUITIES
Bullish sentiments persisted in the domestic stock market, as gains in MTNN (+4.0%), PRESCO (+7.2%), STANBIC (+9.5%) and OKOMUOIL (+10.0%) drove the All-Share Index higher by 1.4% to 193,073.57 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +16.8% and +24.1%, respectively.
The total volume traded declined by 75.5% to 898.48 million units, valued at NGN38.48 billion, and exchanged in 61,953 deals. JAPAULGOLD was the most traded stock by volume at 80.12 million units, while GTCO was the most traded stock by value at NGN6.20 billion.
Sectoral performance was positive as the Banking (+2.6%), Consumer Goods (+0.5%), Insurance (+0.5%) and Industrial Goods (+0.3%) indices advanced while the Oil & Gas (-0.1%) index declined.
As measured by market breadth, market sentiment was positive (1.9x), as 50 tickers gained relative to 26 losers. OKOMUOIL (+10.0%) and DEAPCAP (+10.0%) led the gainers, while MULTIVERSE (-10.0%) and MCNICHOLS (-10.0%) posted the most significant losses of the day.
CURRENCY
The official FX rate depreciated by 0.7% to NGN1,345.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 4bps to 22.9% in the absence of any significant funding pressure on the system.
The NTB secondary market traded on a bullish note, as the average yield contracted by 14bps to 17.3%. Across the curve, the average yield contracted at the short (-9bps), mid (-8bps) and long (-20bps) segments, driven by the demand for the 77DTM (-51bps), 105DTM (-50bps) and 273DTM (-117bps) bills, respectively. Similarly, the average yield contracted by 6bps to 20.8% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note, as the average yield contracted by 3bps to 15.9%. Across the benchmark curve, the average yield contracted at the short (-1bp) and mid (-13bps) segments, driven by the demand for the APR-2029 (-5bps) and APR-2032 (-47bps) bonds, respectively, but closed flat at the long end.
Kindly see below our Mutual Fund prices and returns as of today.
