June 25, 2026/Cordros Report
EQUITIES
The Nigerian equities market closed today’s trading session on a bearish note as losses in TRANSCORP (-6.9%) and OANDO (-8.5%) dragged the All-Share Index lower by 0.6% to 233,580.83 points. Consequently, the Month-to-Date and Year-to-Date returns settled lower at -6.7% and +50.1%, respectively.
The total volume traded declined by 19.3% to 393.65 million units, valued at NGN19.21 billion, and exchanged in 45,813 deals. ACCESSCORP was the most traded stock by volume at 39.05 million units while WAPCO was the most traded stock by value at NGN2.25 billion.
Sectoral performance was negative as the Oil & Gas (-5.2%), Insurance (-2.6%), Banking (-0.3%) and Consumer Goods (-0.1%) indices closed lower. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.4x), as 14 tickers gained relative to 33 losers. DEAPCAP (-10.0%) and ARADEL (-10.0%) led the laggards, while REDSTAREX (+9.6%) and LEGENDINT (+9.1%) posted the most significant gains of the day.
CURRENCY
The official FX rate appreciated by 0.4% to NGN1,383.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 6bps to 22.2%, in the absence of any significant inflows into the system.
Activities in the Treasury bills secondary market were bearish, as the average yield expanded by 27bps to 18.6%. Across the curve, the average yield expanded at the short (+9bps), mid (+28bps) and long (+36bps) segments, driven by selloffs of the 84DTM (+41bps), 175DTM (+87bps) and 315DTM (+79bps) bills, respectively. Likewise, the average yield expanded by 16bps at 21.5% in the OMO segment.
The FGN bond secondary market traded on a bearish note as the average yield expanded by 4bps at 16.9%. Across the benchmark curve, the average yield expanded at the short (+13bps) and mid (+4bps) segments, driven by profit taking activities on the AUG-2030 (+65bps) and JUN-2033 (+20bps) bonds, respectively but contracted at the long (-3bps) end, due to demand for the JUN-2038 (-17bps) bond.
Kindly see below our Mutual Fund prices and returns as of today.
