April 15, 2026/Cordros Report
EQUITIES
The Nigerian equities market extended its bullish run, closing higher for the seventh consecutive trading session. Precisely, buying interest in AIRTELAFRI (+10.0%), ZENITHBANK (+6.9%), STANBIC (+8.2%), MTNN (+1.1%) and GTCO (+3.2%) drove the All-Share Index higher by 1.7% to 209,322.98 points. As a result, the Month-to-Date and Year-to-Date returns settled higher at +4.0% and +34.5%, respectively.
The total volume traded increased by 24.1% to 706.39 million units, valued at NGN41.88 billion, and exchanged in 46,231 deals. ZENITHBANK was the most traded stock by volume and value at 73.29 million units and NGN8.78 billion, respectively.
Sectoral performance was mixed, as the Banking (+3.2%), and Oil & Gas (+4.2%) indices advanced, while the Insurance (-1.3%), Consumer Goods (-0.2%) and Industrial Goods (-0.1%) indices declined.
As measured by market breadth, market sentiment was neutral (1.0x), as 37 tickers gained and 37 tickers closed lower. ARADEL (+10.0%) and AIRTELAFRI (+10.0%) led the gainers, while AUSTINLAZ (-9.8%) and JOHNHOLT (-9.7%) posted the most significant losses of the day.
CURRENCY
The official FX rate appreciated by 0.4% to NGN1,342.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 9bps to 22.2% in the absence of any significant inflows into the system.
Proceedings in the NTB secondary market were quiet, as the average yield remained unchanged at 17.4%. Across the curve, the average yield expanded at the short (+7bps) end, due to sell pressures on the 22DTM (+58bps) bill, but contracted at the mid (-2bps) and long (-3bps) segments, driven by the demand for the 141DTM (-12bps) and 337DTM (-22bps) bills, respectively. Meanwhile, the average yield contracted by 4bps to 20.7% in the OMO segment.
Elsewhere, the Treasury bond secondary market traded with bullish sentiment, as the average yield contracted by 6bps to 15.5%. Across the benchmark curve, the average yield contracted at the short (-20bps) end due to buying interest in the MAR-2027 (-120bps) bond, but closed flat at the mid and long segments.
Kindly see below our Mutual Fund prices and returns as of today.
