April 22, 2026/Cordros Report
EQUITIES
The bulls continued to dominate the domestic bourse as bargain-hunting activities in FIRSTHOLDCO (+8.5%), TRANSCOHOT (+10.0%), and UBA (+6.0%) spurred a 0.6% increase in the All-Share Index to close at 219,586.91 points. As a result,, the Month-to-Date and Year-to-Date returns settled higher at +8.4% and +41.1 %, respectively.
The total volume traded fell by 18.9% to 683.68 million units, valued at NGN36.17 billion, and exchanged in 51,694 deals. FIRSTHOLDCO was the most traded stock by volume and value at 76.64 million units and NGN5.78 billion, respectively.
Sectoral performance was broadly positive as the Banking (+2.0%), Insurance (+1.1%), Consumer Goods (+0.4%) and Industrials Goods (+0.2%) indices advanced while the Oil and Gas index closed flat.
As measured by market breadth, market sentiment was positive (1.1x), as 30 tickers gained relative to 27 losers. TRANSCOHOT (+10.0%) and VITAFOAM (+10.0%) led the gainers, while NEIMETH (-10.0%) and ABBEYBDS (-9.9%) led the laggards.
CURRENCY
The official FX rate appreciated by 0.8% to NGN1,340.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 4bps to 22.3% in the absence of any funding pressure on the system.
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 (-1bp), mid (-1bp) and long (-3bp) segments due to demand for the 92DTM (-1bp), 169DTM(-1bp) and 302DTM(-25bps) bills, respectively. Similarly, the average yield contracted by 6bps to 21.0% in the OMO segment.
The FGN bond secondary market traded in a lull with the average yield unchanged at 15.6%. Across the benchmark curve, the average yield expanded at the mid (+2bp) segment, following the selloff of the JUN-2033 (+8bps) bond. The average yield remained unchanged at the short and long ends.
Kindly see below our Mutual Fund prices and returns as of today.
