April 16, 2026/Cordros Report
EQUITIES
The bulls continued to dominate the Nigerian stock market as gains in MTNN (+2.5%), ARADEL (+10.0%), FIRSTHOLDCO (+9.4%), and ETI (+10.0%) drove the All-Share Index higher by 1.2% to 211,912.38 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +5.3% and +36.2%, respectively.
The total volume traded fell by 17.2% to 584.96 million units, valued at NGN34.76 billion, and exchanged in 45,559 deals. ZENITHBANK was the most traded stock by volume and value at 61.74 million units and NGN7.60 billion, respectively.
On Sectors, Oil and Gas (+4.8%), Banking (+2.5%), Consumer Goods (+0.3%) indices advanced, while the Insurance (-0.7%) index declined. Meanwhile the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (2.3x), as 44 tickers gained relative to 19 losers. TRANSEXPR (+10.0%) and GUINEAINS (+10.0%) led the gainers, while IKEJAHOTEL (-9.7%) and WAPIC (-8.8%) recorded the highest losses of the day.
CURRENCY
The official FX rate depreciated by 0.2% to NGN1,345.00/USD.
FIXED INCOME
The overnight lending rate expanded by 11bps to 22.3%.
The NTB secondary market traded on a bullish note as the average yield contracted by 2bps to 17.4%. Across the curve, the average yield contracted at the short (-4bps), mid (-1bp) and long (-1bp) segments, driven by demand for the 49DTM (-31bps), 175DTM(-1bp) and 343DTM(-1bps) bills, respectively. Similarly, the average yield contracted by 3bps to 20.7% in the OMO segment.
Elsewhere, the FGN bond secondary market was quiet with average yields unchanged at 15.5%. Across the benchmark curve, the average yield closed flat at the short and long ends, while the average yield at the mid (+1bp) end declined, driven by selloffs in the JUN-2033 (+2bps) bond.
Kindly see below our Mutual Fund prices and returns as of today.
