July 6, 2026/Cordros Report
EQUITIES
The domestic bourse market opened the week on a bullish note, as gains in DANGCEM (+8.1%), ARADEL (+10.0%), WAPCO (+7.5%), MTNN (+1.4%) and FIRSTHOLDCO (+10.0%) caused the All-Share Index to close higher by 2.2% to 234,179.20 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +2.1% and +50.5%, respectively.
The total volume traded advanced by 20.2% to 498.46 million units, valued at NGN33.27 billion, and exchanged in 61,034 deals. ZENITHBANK was the most traded stock by volume and value at 89.46 million units and NGN9.77 billion, respectively.
Analysing by sectors, the Industrial Goods (+4.9%), Oil and Gas (+4.2%), Banking (+3.1%), Insurance (+2.7%) and Consumer Goods (+0.6%) indices advanced.
As measured by market breadth, market sentiment was positive (4.6x), as 51 tickers gained relative to 11 losers. FIRSTHOLDCO (+10.0%) and WEMABANK (+10.0%) led the gainers, while VITAFOAM (-10.0%) and NAHCO (-10.0%) posted the most significant losses of the day.
CURRENCY
The official FX rate appreciated by 0.2% to NGN1,371.00/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 6bps to 22.3% in the absence of any significant inflows into the system.
The Treasury bill secondary market traded on a bullish note as the average yield contracted by 9bps to 18.6%. Across the curve, the average yield contracted at the short (-6bps), mid (-18bps) and long (-6bps) segments, driven by demand for the 59DTM (-28bps), 150DTM (-48bps) and 185DTM (-29bps) bills, respectively. Similarly, the average yield contracted by 4bps to 21.7% in the OMO segment.
The FGN bond secondary market closed on a bullish note, as the average yield contracted by 3bps to 17.4%. Across the benchmark curve, the average yield contracted at the mid (-6bps) and long (-3bps) segments, due to demand for the MAR-2036 (-13bps) and APR-2049 (-37bps) bonds, respectively. The average yield closed flat at the short end.
Kindly see below our Mutual Fund prices and returns as of today.
