April 14, 2026/Cordros Report
EQUITIES
Bullish sentiments continued in the domestic bourse as gains in SEPLAT (+9.4%), STANBIC (+10.0%) and WAPCO (+5.1%) drove a 0.7% increase in the NGX ASI to 205,813.38 points. Consequently, the Month-to-Date and Year-to-Date returns advanced to +2.3% and +32.3%, respectively.
The total volume of trades increased by 22.7% to 569.31 million units, valued at NGN32.25 billion, and exchanged in 45,777 deals. ACCESSCORP was the most traded stock by volume at 67.53 million units, while ARADEL was the most traded stock by value at NGN5.48 billion.
On Sectors, the Oil & Gas (+4.4%), Banking (+2.0%), Industrial Goods (+0.7), Insurance (+0.7%) and Consumer Goods (+0.1%) indices closed positive.
As measured by market breadth, market sentiment was positive (2.2x), as 41 tickers gained relative to 19 losers. ETI (+10.0%) and STANBIC (+10.0%) led the gainers, while MCNICHOLS (-8.2%) and ACADEMY (-7.0%) recorded the highest losses of the day.
CURRENCY
The official FX rate appreciated by 0.9% to NGN1,343.27/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 10bps to 22.3% despite OMO repayment (NGN1.34 trillion).
Activities in the Treasury bill secondary market were calm with a bullish undertone, as the average yield contracted by 1bp to 17.4%. Across the curve, the average yield expanded at the short (+2bps) end following the sell pressures on the 51DTM (+23bps) bill but contracted at the mid (-2bps) and long (-1bp) segments due to the demand for the 142DTM (-9bps) and 359DTM (-7bps) bills, respectively. Elsewhere, the average yield contracted by 2bps to 20.9% in the OMO segment.
The FGN bond secondary market traded on a quiet note as the average yield remained unchanged at 15.6%. Across the benchmark curve, the average yield contracted at the short (-1bp) end, driven by the buying interest on the MAR-2027 (-6bps) bond but remained unchanged at the mid and long segments.
Kindly see below our Mutual Fund prices and returns as of today.
