June 10, 2026/Cordros Report
EQUITIES
The domestic bourse closed today’s trading session on a positive note as gains in MTNN (+1.3%), OANDO (+3.6%), VITAFOAM (+8.3%) and NAHCO (+5.3%) drove the All-Share Index higher by 0.1% to 244,852.20 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at -2.2% and +57.4%, respectively.
The total volume traded advanced by 2.6% to 1.23 billion units, valued at NGN38.84 billion, and exchanged in 54,193 deals. STERLINGNG was the most traded stock by volume at 565.33 million units, while ARADEL was the most traded stock by value at NGN6.82 billion.
Sectoral performance was mixed as the Consumer Goods (+0.4%) and Oil & Gas (+0.1%) indices advanced, while the Banking (-0.8%) and Industrial Goods (-0.1%) indices declined. The Insurance index closed flat.
As measured by market breadth, market sentiment was negative (0.8x), as 28 tickers gained relative to 36 losers. LIVESTOCK (+10.0%) and DEAPCAP (+9.9%) led the gainers, while NEIMETH (-10.0%) and INTENEGINS (-9.9%) posted the most significant losses of the day.
CURRENCY
The official FX rate closed flat at NGN1,363.50/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 10bps to 22.0% in the absence of any significant funding pressures.
The Treasury bill secondary market traded on a bearish note as the average yield expanded by 12bps to 17.7%. Across the curve, the average yield expanded at the short (+4bps), mid (+4bps) and long (+20bps) segments due to sell pressures on the 59DTM (+31bps), 178DTM (+15bps) and 213DTM (+46bps) bills, respectively. Conversely, the average yield contracted by 6bps to 21.0% in the OMO segment.
The FGN bond secondary market traded on a bearish note, as the average yield expanded by 9bps to 16.3%. Across the benchmark curve, the average yield expanded at the short (+23bps) and long (+4bps) ends following sell-offs of the AUG-2030 (+30bps) and JUN-2053 (+16bps) bonds, respectively. The average yield closed flat at the mid-segment.
Kindly see below our Mutual Fund prices and returns as of today.
