April 13, 2026/Cordros Report
EQUITIES
The local bourse commenced the week on a bullish note as gains in STANBIC (+6.5%), GUINNESS (+7.8%), NB (+5.6%) and INTBREW (+8.6%) drove a 0.4% increase in the NGX ASI to 204,487.88 points. Consequently, the Month-to-Date and Year-to-Date returns improved to +1.6% and +31.4%, respectively.
The total volume traded declined by 15.4% to 464.11 million units, valued at NGN32.02 billion, and exchanged in 60,473 deals. ACCESSCORP was the most traded stock by volume at 54.91 million units while ARADEL was the most traded stock by value at NGN7.05 billion.
By sectors, the Consumer Goods (+1.9%), Insurance (+1.0%) and Banking (+0.1%) indices closed higher, while the Oil & Gas (-0.1%) and Industrial Goods (-2bps) indices pared.
As measured by market breadth, market sentiment was positive (1.3x), as 30 tickers gained relative to 24 losers. NGXGROUP (+10.0%) and TRANSEXPR (+9.8%) led the gainers, while BERGER (-10.0%) and ACADEMY (-9.7%) recorded the highest losses of the day.
CURRENCY
The official FX rate declined by 0.3% to NGN1,359.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 16bps to 22.2% following NGN28.27 billion in inflows from FGN bond coupon payments.
Sentiment in the Treasury bills secondary market was bullish, as the average yield contracted by 3bps to 17.5%. Across the curve, the average yield contracted at the short (-2bps), mid (-2bps) and long (-3bps) segments, driven by demand for the 87DTM (-2bps), 178DTM (-2bps), and 360DTM (-bps) bills, respectively. In contrast, the average yield expanded by 8bps to 20.9% in the OMO segment.
The FGN bond secondary market traded in a lull with the average yield unchanged at 15.6%.
Kindly see below our Mutual Fund prices and returns as of today.
