April 8, 2026/Cordros Report
EQUITIES
The local bourse closed today’s trading session on a bullish note, as gains in SEPLAT (+4.9%), ZENITHBANK (+5.8%), and GTCO (+3.2%) drove the All-Share Index higher by 0.3% to 202,585.52 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +0.6% and +30.2%, respectively.
The total volume traded fell by 12.7% to 1.01 billion units, valued at NGN40.55 billion, and exchanged in 52,516 deals. ACCESSCORP was the most traded stock by volume at 232.98 million units, while ZENITHBANK was the most traded stock by value at NGN6.47 billion.
On Sectors, the Oil and Gas (+2.1%) and Banking (+1.8%) indices advanced, while the Consumer Goods (-1.1%), Insurance (-0.4%), and Industrial Goods (-0.2%) indices declined.
As measured by market breadth, market sentiment was negative (0.7x), as 21 tickers gained relative to 31 losers. UNIVINSURE (+10.0%) and OMATEK (+9.8%) led the gainers, while UPCREDIT (-10.0%) and DEAPCAP (-9.9%) recorded the highest losses of the day.
CURRENCY
The official FX rate appreciated by 0.9% to NGN1,367.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 6bps to 22.3% amid significant funding pressure on the system.
The NTB secondary market traded on a bullish note as the average yield contracted by 4bps to 17.6%. Across the curve, the average yield contracted at the short (-1bp), mid (-1bps) and long (-8bps) segments, driven by demand for the 79DTM (-1bp), 170DTM (-1bp) and 352DTM (-46bps). Conversely, the average yield expanded by 6bps to 20.3% in the OMO segment.
The FGN bond secondary market traded on a bearish note as the average yield expanded by 8bps to 15.6%. Across the benchmark curve, the average yield expanded at the short (+27bps) end due to the profit-taking activities on the MAR-2027 (+167bps) bond, but the mid and long segments remained unchanged.
Kindly see below our Mutual Fund prices and returns as of today.
