March 25, 2026/Cordros Report
EQUITIES
The domestic bourse traded with bullish sentiments as buying interests in MTNN (+2.1%), GTCO (+3.2%), and NB (+2.8%) drove the All-Share Index higher by 0.1% to 200,925.75 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +4.2% and +29.1%, respectively.
The total volume of trades declined by 58.3% to 537.99 million units, valued at NGN25.39 billion, and exchanged in 45,641 deals. WEMABANK was the most traded stock by volume at 104.33 million units, while MTNN was the most traded stock by value at NGN4.23 billion.
On Sectors, the Insurance (+0.8%) and Consumer Goods (+0.4%) indices advanced, while the Banking (-1.0%) and Industrial Goods (-0.1%) indices declined. The Oil & Gas index closed flat.
As measured by market breadth, market sentiment was neutral (1.0x), as 31 tickers gained relative to 31 losers. LEGENDINT (+10.0%) and PREMPAINTS (+9.9%) led the gainers, while FIDSON (-10.00%) and AUSTINLAZ (-9.9%) recorded the highest losses of the day.
CURRENCY
The official FX rate depreciated by 1.2% to NGN1,396.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 6bps to 22.3% in the absence of any significant inflow into the system.
The NTB secondary market traded on a quiet note as the average yield remained unchanged at 17.8%. Across the curve, the average yield contracted at the short (-1bp) and mid (-1bp) segments due to the demand for the 85DTM (-1bp) and 176DTM (-1bp) bill, respectively, but expanded at the long (+1bp) end due to profit-taking activities on the 358DTM (+19bps) bill. Elsewhere, the average yield contracted by 1bp to 20.4% in the OMO segment.
The FGN bond secondary market traded on a bullish note as the average yield contracted by 6bps to 14.7%. Across the benchmark curve, the average yield contracted at the short (-3bps), mid (-1bp), and long (-11bps) segments following the demand for the FEB-2028 (-15bps), APR-2032 (-5bps) and MAR-2036 (-86bps) bonds, respectively.
Kindly see below our Mutual Fund prices and returns as of today.
