April 21, 2026/Cordros Report
EQUITIES
Bullish sentiments persisted in the domestic bourse as gains in DANGCEM (+3.3%), WAPCO (+9.6%), FIRSTHOLDCO (+4.4%) and NASCON (+10.0%) drove a 7bps increase in the NGX ASI to 218,256.63 points. Consequently, the Month-to-Date and Year-to-Date returns advanced to +8.4% and +40.3%, respectively.
The total volume of trades decreased by 14.4% to 842.48 million units, valued at NGN44.86 billion, and exchanged in 61,617 deals. ACCESSCORP was the most traded stock by volume at 110.81 million units, while MTNN was the most traded stock by value at NGN6.55 billion.
On Sectors, the Industrial Goods (+1.6%) and Insurance (+0.2%) indices closed higher while the Banking (-1.3%), Consumer Goods (-0.4%%) and Oil & Gas (-0.1%) indices closed negative.
As measured by market breadth, market sentiment was negative (0.6x), as 24 tickers gained relative to 43 losers. LEGENDINT (-9.9%) and ABBEYBDS (-9.6%) led the laggards, while NASCON (+10.0%) and UNIONDICON (+9.9%) recorded the highest gains of the day.
CURRENCY
The official FX rate depreciated by 7bps to NGN1,351.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 6bps to 22.3%.
Activities in the Treasury bill secondary market were calm with a bearish undertone, as the average yield expanded by 1bp to 17.4%. Across the curve, the average yield contracted at the short (-1bp) and mid (-1bp) segments following sell pressures on the 79DTM (-1bp) and 170DTM (-1bp) bills respectively while it expanded at the long (+4bps) end due to the demand for the 261DTM (+15bps) bill. Elsewhere, the average yield expanded by 36bps to 21.1% in the OMO segment.
The FGN bond secondary market traded on a quiet note as the average yield remained unchanged at 15.6%.
Kindly see below our Mutual Fund prices and returns as of today.
