May 13, 2026/Cordros Report
EQUITIES
The local bourse traded with mixed sentiments in today’s session, although the market ultimately closed marginally higher, as gains in BUACEMENT (+2.4%), MTNN (+1.8%) and UNILEVER (+6.5%) offset losses in FIRSTHOLDCO (-9.9%), GTCO (-2.9%) and ZENITHBANK (-3.0%), lifting the All-Share Index higher by 4bps to 252,508.19 points. Consequently, the Month-to-Date and Year-to-Date returns settled at +4.2% and +62.3%, respectively.
The total volume traded declined by 6.7% to 1.89 billion units, valued at NGN117.80 billion, and exchanged in 82,203 deals. FIRSTHOLDCO was the most traded stock by volume and value at 575.19 million units and NGN44.42 billion, respectively.
On sectoral performance, the Industrial Goods (+0.9%), Insurance (+0.7%) and Consumer Goods (+0.2%) indices advanced, while the Banking (-2.5%) index declined. The Oil & Gas index closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 38 tickers gained relative to 29 losers. DAARCOMM (+10.0%) and LIVESTOCK (+10.0%) led the gainers, while NCR (-10.0%) and ZICHIS (-10.0%) recorded the most significant losses of the day.
CURRENCY
The official FX rate appreciated by 0.3% to NGN1,374.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 5bps to 22.2% in the absence of any significant funding pressure on the system.
Proceedings in the Treasury bill secondary market were bearish, as the average yield expanded by 3bps to 17.5%. Across the curve, the average yield contracted at the short (-1bp) end, driven by the demand for the 85DTM (-1bp) bill, but expanded at mid (+4bps) and long (+4bps) segments, due to sell pressures on the 176DTM (+2bps) and 204DTM (+21bps), bills respectively. Meanwhile, the average yield expanded by 8bps to 21.1% in the OMO segment.
The Treasury bond secondary market was quiet, as the average yield closed flat at 18.5%. Across the benchmark curve, the average yield expanded at the short (+1bp) end, due to the profit taking activities on the MAR-2027 (+4bps) bond, but closed flat at the mid and long segments.
Kindly see below our Mutual Fund prices and returns as of today.
