March 30, 2026/Cordros Report
EQUITIES
The Nigerian equities market started the week on a bearish note as losses in WAPCO (-3.3%), ZENITHBANK (-2.9%), GTCO (-1.0%) and DANGSUGAR (-2.8%) dragged the All-Share Index lower by 0.2% to 200,484.44 points. Consequently, the Month-to-Date and Year-to-Date returns settled at +4.2% and +29.1%, respectively.
The total volume traded declined by 0.4% to 593.10 million units, valued at NGN25.62billion, and exchanged in 60,102 deals. ACCESSCORP was the most traded stock by volume at 86.64 million units while FIRSTHOLDCO was the most traded stock by value at NGN4.26billion.
Sectoral performance was largely bearish as the Insurance (-1.4%), Banking (-0.8%), Industrial Goods (-0.5%) and Consumer Goods (-1bp) indices closed lower, while the Oil & Gas (+0.1%) index was the sole gainer of the day.
As measured by market breadth, market sentiment was negative (0.8x), with 26 tickers gaining and 32 losing. NSLTECH (-10.0%) and MAYBAKER (-9.4%) led the laggards, while AUSTINLAZ (+10.0%) and TRANSEXPR (+9.7%) posted the most significant gains of the day.
CURRENCY
The official FX rate depreciated by 2bps to NGN1,383.63/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 1bp to 22.3% in the absence of any significant funding pressures on the system.
Activity in the Treasury bills secondary market was bullish, with the average yield contracting by 9bps to 17.7%. Across the curve, the average yield contracted in the short (-2bps), mid (-2bps), and long (-16bps) segments, driven by demand for the 87DTM (-2bps), 171DTM (-3bps), and 262DTM (-83bps) bills, respectively. Similarly, the average yield contracted by 4bps to 20.3% in the OMO segment.
The FGN bond secondary market traded in a lull, with the average yield unchanged at 15.5%.
Kindly see below our Mutual Fund prices and returns as of today.
