March 5, 2026/Cordros Report
EQUITIES
The Nigerian equities closed today’s session on a positive note, as gains in NESTLE (+4.8%), MTNN (+0.6%), STANBIC (+5.6%) and CUSTODIAN (+9.7%) drove the All-Share Index higher by 0.2% to 196,807.15 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +2.1% and +26.5%, respectively.
The total volume traded declined by 21.3% to 634.01 million units, valued at NGN29.11 billion, and exchanged in 66,286 deals. JAIZBANK was the most traded stock by volume at 137.30 million units, while GTCO was the most traded stock by value at NGN5.41 billion.
Sectoral performance was mixed as the Banking (+0.5%) and Consumer Goods (+0.1%) indices advanced while the Insurance (-1.6%) and Oil & Gas (-0.2%) indices declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.8x), as 37 tickers lost relative to 31 gainers. TRIPPLEG (-9.9%) and MULTIVERSE (-9.9%) led the laggards, while NPFMCRFBK (+10.0%) and ETERNA (+10.0%) posted the most significant gains of the day.
CURRENCY
The official FX rate appreciated by 0.2% to NGN1,388.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate rose by 8bps to 22.3%.
Activities in the Treasury bills secondary market were bearish, as the average yield expanded by 6bps to 17.3%. Across the curve, the average yield contracted at the short (-1bp) end, due to the demand for the 91DTM (-4bps) bill, but expanded at the mid (+7bps) and long (+11bps) segments, due to profit-taking activities on the 182DTM (+53bps) and 259DTM (+62bps) bills. respectively. Conversely, the average yield contracted by 2bps to 21.0% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bearish note, as the average yield expanded by 1bp to 15.5%. Across the benchmark curve, the average yield expanded at the short (+1bp) end, due to profit-taking activities in the FEB-2031 (-5bps) bond, but closed flat at the mid and long segments.
Kindly see below our Mutual Fund prices and returns as of today.
