June 18, 2026/Cordros Report
EQUITIES
The domestic bourse closed on bearish note for the fifth consecutive trading session, as losses in DANGCEM (-7.4%), AIRTELAFRI (-1.5%), and ZENITHBANK (-2.9%) dragged the All-Share Index lower by 1.3% to 237,748.39 points. Consequently, the Month-to-Date and Year-to-Date returns settled lower at -5.1% and +52.8%, respectively.
The total volume traded advanced by 23.5% to 595.90 million units, valued at NGN114.12 billion, and exchanged in 49,592 deals. FIRSTHOLDCO was the most traded stock by volume and value at 115.84 million units and NGN7.06 billion, respectively.
Sectoral performance was negative as the Industrial Goods (-3.4%), Insurance (-2.8%), Banking (-1.5%), Consumer Goods (-0.6%) and Oil and Gas (-0.1%) indices declined.
As measured by market breadth, market sentiment was negative (0.3x), as 13 tickers gained relative to 39 losers. AFRIPRUD (-10.0%) and CADBURY (-10.0%) recorded the highest losses of the day, while LEGENDINT (+9.5%) and NPFMCRFBK (+9.2%) led the gainers.
CURRENCY
The official FX rate appreciated by 4bps to NGN1,361.90/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 2bps to 22.2%, in the absence of any significant funding pressure on the system.
The Treasury bill secondary market traded on a bearish note as the average yield expanded by 2bps to 17.9%. Across the curve, the average yield contracted at the short (-4bps) and mid (-8bps) segments, due to the demand for the 21DTM (-59bps) and 112DTM (-109bps) bills, respectively, but expanded at the long (+12bps) end, due to selloffs of the 308DTM (+102bps) bill. Meanwhile, the average yield expanded by 12bps to 20.9% in the OMO segment.
The FGN bond secondary market was quiet albeit with a bullish undertone, as the average yield contracted by 1bp to 16.6%. Across the benchmark curve, the average yield expanded at the short (+8bps) end, due to profit-taking activities on the FEB-2028 (+37bps) bond, but contracted at the mid (-4bps), and long (-5bps) segments, driven by demand for the JUN-2033 (-18bps) and JUN-2038 (-50bps) bonds, respectively.
Kindly see below our Mutual Fund prices and returns as of today.
