June 9, 2026/Cordros Report
EQUITIES
The local bourse closed today’s trading session on a positive note as gains in AIRTELAFRI (+10.0%), FIRSTHOLDCO (+8.5%), TRANSCORP (+2.2%) and GTCO (+0.7%) drove the All-Share Index higher by 0.5% to 244,700.80 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -2.3% and +57.3%, respectively.
The total volume traded increased by 66.7% to 1.20 billion units, valued at NGN51.35 billion, and exchanged in 52,207 deals. STERLINGNG was the most traded stock by volume at 715.66 million units, while ARADEL was the most traded stock by value at NGN13.25 billion.
Sectoral performance was mixed as the Banking (+1.3%) and Insurance (+0.2%) indices advanced, while the Industrial Goods (-1.0%), Consumer Goods (-0.8%) and Oil & Gas (-0.6%) indices closed lower.
As measured by market breadth, market sentiment was neutral (1.0x), as 31 tickers gained relative to 32 losers. AIRTELAFRI (+10.0%) and INTENEGINS (+9.9%) led the gainers, while LEARNAFRCA (-10.0%) and NAHCO (-10.0%) recorded the highest losses of the day.
CURRENCY
The official FX rate appreciated by 0.3% to NGN1,364.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 3bps to 22.1% in the absence of any significant funding pressure on the system.
The Treasury bill secondary market traded on a bullish note, as the average yield contracted by 5bps to 17.5%. Across the curve, the average yield contracted at the short (-21bps) and mid (-10bps) segments, driven by demand for the 31DTM (-33bps) and 178DTM (-37bps) bills, respectively, but expanded at the long (+1bp) end, due to profit-taking activities on the 255DTM (+54bps) bill. Meanwhile, the average yield expanded by 5bps to 21.0% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note, as the average yield contracted by 5bps to 16.2%. Across the benchmark curve, the average yield contracted at the short (-17bps) end, driven by demand for the AUG-2030 (-51bps) bond, but expanded at the mid (+1bp) segment, due to sell pressures in the APR-2032 (+4bps) bond. The long end closed flat.
Kindly see below our Mutual Fund prices and returns as of today.
