May 5, 2026/Cordros Report
EQUITIES
Bearish sentiments resurfaced in the domestic bourse as losses in MTNN (-8.7%), WAPCO (-2.2%), GUINNESS (-10.0%), FIRSTHOLDCO (-3.8%) and STANBIC (-2.2%) led to a 0.5% decline in the All-Share Index to 241,849.25 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to -0.2% and +55.4%, respectively.
The total volume of trades increased by 3.6% to 1.00 billion units, valued at NGN58.07 billion, and exchanged in 87,753 deals. FCMB was the most traded stock by volume at 160.59 million units, while GTCO was the most traded stock by value at NGN13.09 billion.
On Sectors, the Industrial Goods (+2.5%), Insurance (+0.9%) and Consumer Goods (+0.4%) indices closed higher, while the Oil & Gas (-2.9%) and Banking (-1.2%) indices declined.
As measured by market breadth, market sentiment was positive (1.7x), as 44 tickers gained relative to 26 losers. RTBRISCOE (+10.0%) and VITAFOAM (+10.0%) led the gainers, while GUINNESS (-10.0%) and UNIONDICON (-9.8%) recorded the highest losses of the day.
CURRENCY
The official FX rate appreciated by 0.4% to NGN1,362.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 11bps to 22.1% in the absence of any significant inflows into the system.
Activities in the Treasury bill secondary market was quiet, albeit with a bullish undertone, as the average yield contracted by 1bp to 17.5%. Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-1bp) segments driven by the demand for 65DTM (-1bp), 170DTM (-1bp) and 352DTM (-4bps) bills, respectively. Similarly, the average yield contracted by 2bps to 21.1% in the OMO segment.
Elsewhere, the FGN bond secondary market closed flat, as the average yield remained unchanged at 15.7%.
Kindly see below our Mutual Fund prices and returns as of today
