February 26, 2026/Cordros Report
EQUITIES
The Nigerian equities market ended today’s session on a bearish note, as losses in WAPCO (-8.2%), TRANSCORP (-7.3%), and ZENITHBANK (-2.2%) dragged the All-Share Index lower by 0.4% to 193,567.81 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to +17.1% and +24.4%, respectively.
The total volume traded decreased by 36.0% to 868.54 million units, valued at NGN31.48 billion, and exchanged in 69,310 deals. JAIZBANK was the most traded stock by volume at 78.94 million units, while ZENITHBANK was the most traded stock by value at NGN4.06 billion.
Sectoral performance was mixed, as the Industrial Goods (-1.2%), Banking (-0.6%) and Insurance (-0.3%) indices declined, while the Oil & Gas (+0.1%) index advanced. The Consumer Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.7x), as 38 tickers lost relative to 28 gainers. JAIZBANK (-10.0%) and IKEJAHOTEL (-9.9%) led the losers, while FTNCOCOA (+10.0%) and RTBRISCOE (+10.0%) posted the most significant gains of the day.
CURRENCY
The official FX rate depreciated by 1.4% to NGN1,370.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 10bps to 22.3% following debits from OMO auction (NGN1.11 trillion).
Activities in the Treasury bill secondary market were quiet, with the average yield unchanged at 17.2%. Across the curve, the average yield contracted at the short (-1bp) and mid (-1bp) segments, due to the demand for the 84DTM (-1bp) and 175DTM (-1bp) bills, respectively, but remained unchanged at the long end. Meanwhile, the average yield expanded by 40bps to 20.8% in the OMO segment.
Elsewhere, the FGN bond secondary market closed on a bullish note, as the average yield contracted by 1bp to 15.4%. Across the benchmark curve, the average yield contracted at the mid (-2bps) segment due to buying interest in the APR-2032 (-18bps) bond but closed flat at the short and long ends.
EQUITIES
The Nigerian equities market ended today’s session on a bearish note, as losses in WAPCO (-8.2%), TRANSCORP (-7.3%), and ZENITHBANK (-2.2%) dragged the All-Share Index lower by 0.4% to 193,567.81 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to +17.1% and +24.4%, respectively.
The total volume traded decreased by 36.0% to 868.54 million units, valued at NGN31.48 billion, and exchanged in 69,310 deals. JAIZBANK was the most traded stock by volume at 78.94 million units, while ZENITHBANK was the most traded stock by value at NGN4.06 billion.
Sectoral performance was mixed, as the Industrial Goods (-1.2%), Banking (-0.6%) and Insurance (-0.3%) indices declined, while the Oil & Gas (+0.1%) index advanced. The Consumer Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.7x), as 38 tickers lost relative to 28 gainers. JAIZBANK (-10.0%) and IKEJAHOTEL (-9.9%) led the losers, while FTNCOCOA (+10.0%) and RTBRISCOE (+10.0%) posted the most significant gains of the day.
CURRENCY
The official FX rate depreciated by 1.4% to NGN1,370.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 10bps to 22.3% following debits from OMO auction (NGN1.11 trillion).
Activities in the Treasury bill secondary market were quiet, with the average yield unchanged at 17.2%. Across the curve, the average yield contracted at the short (-1bp) and mid (-1bp) segments, due to the demand for the 84DTM (-1bp) and 175DTM (-1bp) bills, respectively, but remained unchanged at the long end. Meanwhile, the average yield expanded by 40bps to 20.8% in the OMO segment.
Elsewhere, the FGN bond secondary market closed on a bullish note, as the average yield contracted by 1bp to 15.4%. Across the benchmark curve, the average yield contracted at the mid (-2bps) segment due to buying interest in the APR-2032 (-18bps) bond but closed flat at the short and long ends.
Kindly see below our Mutual Fund prices and returns as of today.
