May 12, 2026/Cordros Report
EQUITIES
The domestic equities market closed today’s session on a positive note as gains in FIRSTHOLDCO (+6.0%), ZENITHBANK (+2.3%), NB (+9.9%) , and ETI (+4.7%) lifted the All-Share Index by 0.8% at 252,411.67 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +4.2% and +62.2%, respectively.
The total volume traded advanced by 36.5% to 2.03 billion units, valued at NGN87.71 billion, and exchanged in 80,888 deals. CWG was the most traded stock by volume at 432.90 million units, while UBA was the most traded stock by value at NGN16.78 billion.
Sectoral performance was mixed as the Oil & Gas (+3.4%), Banking (+1.9%) and Consumer Goods (+1.7%) Indices closed higher, while the Insurance (-1.4%) and Industrial Goods (-0.5%) Indices closed lower.
As measured by market breadth, market sentiment was positive (1.4x), as 44 tickers gained relative to 31 losers. UPL (+10.0%) and UHOMREIT (+10.0%) posted the most significant gains of the day, while CUSTODIAN (-9.5%) and NPFMCRFBK (-8.3%) led the laggards.
CURRENCY
The official FX rate depreciated by 0.2% to NGN1,378.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate was unchanged at 22.2%.
Activities in the Treasury bills secondary market were bullish, as the average yield contracted by 4bps to 17.4%. Across the curve, the average yield contracted at the short (-2bps), mid (-2bps) and long (-7bps) segments, due to the demand for the 72DTM (-14bps), 100DTM (-7bps) and 310DTM (-41bps) bills , respectively. Meanwhile, the average yield contracted by 2bps to 21.0% in the OMO segment.
In the FGN bond secondary market, trading was bullish, as the average yield contracted by 1bp to 15.7%. Across the benchmark curve, the average yield contracted at the short (-2bps) end, due to demand for the MAR-2027 (-15bps) bond, while it. was unchanged at the mid and long segments.
Kindly see below our Mutual Fund prices and returns as of today.
