June 4, 2026/Cordros Report
EQUITIES
Bearish sentiments persisted in the local bourse as losses in TRANSCORP (-4.1%) and STANBIC (-3.1%) caused a 0.4% decline in the All-Share Index to 242,239.89 points. Consequently, the Month-to-Date and Year-to-Date returns settled lower at -3.3% and +55.7%, respectively.
The total volume traded declined by 43.4% to 522.28 million units, valued at NGN24.11 billion, and exchanged in 53,613 deals. ACCESSCORP was the most traded stock by volume at 109.72 million units, while NGXGROUP was the most traded stock by value at NGN3.89 billion.
On sectors, performance was mixed as the Oil & Gas (-4.9%) and Insurance (-0.6%) indices declined, while the Industrial Goods (+0.6%) and Banking (+0.3%) indices advanced. The Consumer Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.8x), as 24 tickers gained relative to 29 losers. MCNICHOLS (-10.0%) and ABCTRANS (-9.9%) led the losers, while INTENEGINS (+10.0%) and OMATEK (+9.7%) posted the most significant gains of the day.
CURRENCY
The official FX rate appreciated by 0.5% to NGN1,356.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 2bps to 22.2% in the absence of any significant inflows into the system.
Trading in the Treasury bill secondary market was quiet albeit with a bullish tilt, as the average yield contracted by 1bp to 17.4%. Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-1bp) segments due to demand on the 91DTM (-1bp), 182DTM (-1bp) and 350DTM (-1bp) bills, respectively. Similarly, the average yield contracted by 1bp to 20.9% in the OMO segment.
The treasury bond secondary market traded on a bearish note as the average yield expanded by 11bps to 15.9%. Across the benchmark curve, the average yield expanded at the short (+25bps), mid (+3bps) and long (+5bps) segments, due to sell pressures on the MAR-2027 (+112bps), JUN-2033 (+9bps) and JUN-2038 (+38bps) bonds, respectively.
Kindly see below our Mutual Fund prices and returns as of today.
