June 15, 2026/Cordros Report
EQUITIES
The domestic equities markets commenced the week on a negative note as losses in ARADEL (-5.7%), FIRSTHOLDCO (-7.3%), TRANSCORP (-5.0%) and OANDO (-9.8%) drove the All-Share Index lower by 0.6% to 243,271.56 points. Consequently, the Month-to-Date and Year-to-Date returns settled lower at -2.8% and +56.3%, respectively.
The total volume traded declined by 39.3% to 744.90 million units, valued at NGN36.40 billion, and exchanged in 80,873 deals. STERLINGNG was the most traded stock by volume at 112.17 million units, while ARADEL was the most traded stock by value at NGN11.20 billion.
On Sectors, the Oil & Gas (-3.2%), Banking (-1.0%), Insurance (-0.7%) and Consumer Goods (-0.4%) indices declined, while the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.3x), as 15 tickers gained relative to 48 losers. INTENEGINS (-10.0%) and ETRANZACT (-10.0%) led the laggards, while ROYALEX (+10.0%) and IKEJAHOTEL (+10.0%) recorded the highest gains of the day.
CURRENCY
The official FX rate appreciated by 0.9% to NGN1,351.31/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 7bps to 22.2% in the absence of any significant inflows into the system.
The Treasury bill secondary market traded on a quiet note, as the average yield closed flat at 17.7%. Across the curve, the average yield contracted at the short (-1bp) and long (-2bps) ends, driven by demand for the 52DTM (-20bps) and 353DTM (-16bps) bills, respectively, but expanded at the mid (+5bps) segment, due to profit-taking activities on the 129DTM (+51bps) bill. Meanwhile, the average yield expanded by 8bps to 21.0% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bearish note, as the average yield expanded by 22bps to 16.6%. Across the benchmark curve, the average contracted at the short (-5bps) and long (-3bps) ends, driven by demand for the MAR-2027 (-18bps) and APR-2037 (-11bps) segments, respectively, but expanded at the mid (+95bps) segment, due to sell pressures on the APR-2029 (+238bps) bond.
Kindly see below our Mutual Fund prices and returns as of today.
