March 12, 2026/Cordros Report
EQUITIES
Bullish sentiments resurfaced in the local bourse, as gains in BUACEMENT (+5.2%), TRANSCOHOT (+7.0%), MTNN (+0.6%) and BUAFOODS (+0.2%) drove the All-Share Index higher by 0.5% to 196,908.76 points. As a result, the Month-to-Date and Year-to-Date returns settled higher at +2.1% and +26.5%, respectively.
The total volume of trades declined by 18.1% to 549.78 million units, valued at NGN44.74 billion, and exchanged in 55,465 deals. ACCESSCORP was the most traded stock by volume at 28.12 million units, while DANGCEM was the most traded stock by value at NGN20.67 billion.
On sectors, the Industrial Goods (+1.9%) and Consumer Goods (+0.3%) indices advanced, while the Insurance (-0.7%), Banking (-0.5%) and Oil & Gas (-0.3%) indices declined.
As measured by market breadth, market sentiment was neutral (1.0x), as 30 tickers gained relative to 29 losers. FTNCOCOA (+10.0%) and FIDSON (+10.0%) led the gainers, while ETERNA (-10.0%) and OMATEK (-10.0%) posted the most significant losses of the day.
CURRENCY
The official FX rate appreciated by 1.2% to NGN1,368.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 15bps to 22.3% in the absence of any significant funding pressure on the system.
Activities in the Treasury bills secondary market were bullish, as the average yield contracted by 1bp to 17.6%. Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-2bps) segments, due to the demand for the 91DTM (-1bp), 175DTM (-1bp) and 357DTM (-11bps) bills, respectively. Similarly, the average yield contracted by 4bps to 21.1% in the OMO segment.
Elsewhere, the FGN bond secondary market closed on a bullish note, as the average yield contracted by 1bp to 15.6%. Across the benchmark curve, the average yield contracted at the short (-4bps) end, driven by demand for the AUG-2030 (-10bps) bond, but remained unchanged at the mid and long segments.
Kindly see below our Mutual Fund prices and returns as of today.
