April 7, 2026/Cordros Report
EQUITIES
The Nigerian equities market kicked off the week on a bullish note as gains in FIRSTHOLDCO (+9.1%) and GTCO (+2.5%) drove the All-Share Index higher by 0.2% to 202,023.13 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +0.4% and +29.8%, respectively.
The total volume traded increased by 105.9% to 1.15 billion units, valued at NGN40.28 billion, and exchanged in 78,006 deals. WEMABANK was the most traded stock by volume and value at 282.58 million units and NGN7.29 billion, respectively.
Sectoral performance was mixed as the Banking (+1.5%), Oil & Gas (+0.1%) and Consumer Goods (+0.1%) indices closed higher, while the Insurance (-1.4%) and Industrial Goods (-0.3) indices declined.
As measured by market breadth, market sentiment was negative (0.6x), as 22 tickers gained relative to 37 losers. TRANSEXPR (+9.9%) and OMATEK (+9.8%) led the gainers, while ELLAHLAKES (-10.0%) and DAARCOMM (-10.0%) posted the most significant losses of the day.
CURRENCY
The official FX rate appreciated by 0.2% to NGN1,379.79/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 6bps to 22.3% following inflows from OMO maturities (NGN2.12 trillion).
Activities in the Treasury bills secondary market were bullish, as the average yield contracted by 4bps to 17.6%. Across the curve, the average yield contracted at the short (-4bps), mid (-4bps), and long (-5bps) segments, driven by the demand for the 79DTM (-4bps), 170DTM (-4bps), and 275DTM (-24bps) bills, respectively. Similarly, the average yield contracted by 94bps to 19.5% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a quiet note albeit with a bearish tilt as the average yield expanded by 1bp to 15.5%. Across the benchmark curve, the average yield expanded at the mid (+2bps) segment due to sell pressures on the JUN-2033 (+8bps) bond, but remained unchanged at the short and long ends.
Kindly see below our Mutual Fund prices and returns as of today.
