April 23, 2026/Cordros Report
EQUITIES
The domestic bourse maintained its bullish momentum as buying interest in BUAFOODS (+7.9%), DANGCEM (+2.4%), and ZENITHBANK (+3.5%) drove a 1.5% increase in the All-Share Index to 222,837.68 points. As a result, the Month-to-Date and Year-to-Date returns settled higher at +10.7% and +43.2%, respectively.
The total volume traded fell by 2.3% to 667.94 million units, valued at NGN38.12 billion, and exchanged in 53,062 deals. ACCESSCORP was the most traded stock by volume at 39.51 million units, while MTNN was the most traded stock by value at NGN5.31 billion.
Sectoral performance was mixed, as the Consumer Goods (+4.7%), Banking (+1.5%), and Industrial Goods (+1.0%) indices advanced, while the Insurance (-0.9%) and Oil & Gas (-0.1%) indices declined.
As measured by market breadth, market sentiment was neutral (1.0x), as 31 tickers gained relative to 32 losers. UNILEVER (+10.0%) and UACN (+10.0%) led the gainers, while MCNICHOLS (-9.9%) and MULTIVERSE (-9.9%) led the laggards.
CURRENCY
The official FX rate depreciated by 1.1% to NGN1,355.00/USD.
FIXED INCOME
The overnight lending rate contracted by 4bps to 22.2% in the absence of any funding pressure on the system.
The NTB secondary market traded on a quiet note, albeit with a bullish tilt, as the average yield contracted by 1bp to 17.4%. Across the curve, the average yield contracted at the mid (-2bps) and long (-1bp) segments due to the demand for the 182DTM (-10bps) and 259DTM (-13bps) bills respectively, but closed flat at the short end. Conversely, the average yield expanded by 14bps to 21.2% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note as the average yield contracted by 4bps to 15.6%. Across the benchmark curve, the average yield contracted at the long (-10bps) end driven by buying interest in the JAN 2042 (-52bps) bond. The average yield remained unchanged at the short and mid segments.
Kindly see below our Mutual Fund prices and returns as of today.
