July 15, 2026/Cordros Report
EQUITIES
The local bourse closed today’s trading session on a bullish note, as gains in FIRSTHOLDCO (+10.0%), TRANSCORP (+6.2%), STANBIC (+2.4%) and GTCO (+1.1%), caused the All-Share Index to close higher by 0.3% to 242,366.75 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +5.6% and +55.8%, respectively.
The total volume traded declined by 28.6% to 453.17 million units, valued at NGN27.16 billion, and exchanged in 39,942.00 deals. FIRSTHOLDCO was the most traded stock by volume and value at 78.66 million units and NGN6.19 billion, respectively.
Sectoral performance was mixed as Banking (+2.2%) and Insurance (+0.7%) indices advanced, while Consumer Goods (-0.3%) and Industrial Goods (-0.2%) indices declined. The Oil & Gas index closed flat. As measured by market breadth, market sentiment was positive (1.9x), as 32 tickers gained relative to 17 losers. FIRSTHOLDO (+10.0%) and THOMASWY (+9.3%) led the gainers, while TRANSEXPR (-9.9%) and INTBREW (-6.1%) recorded the most significant loss of the day.
CURRENCY
The official FX rate depreciated by 0.4% to NGN1,383.50/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 7bps to 22.2% in the absence of any significant inflow into the system.
The Treasury bill secondary market traded on a quiet note as the average yield closed flat at 18.4%. Across the curve, the average yield contracted at the short (-1bp) and long (-1bp) ends, driven by demand for the 50DTM (-4bps) and 204DTM (-10bps) bills, respectively, but expanded at the mid (+1bp) segment, due to selloffs of the 176DTM (+13bps) bill. Meanwhile, the average yield contracted by 4bps to 21.5% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a quiet note albeit with a bearish tilt as the average yield expanded by 1bp to 17.4%. Across the benchmark curve, the average yield expanded at the short (+2bps) and long (+2bps) ends, due to profit-taking activities on the MAR-2027 (+10bps) and JUN-2053 (+12bps) bonds, respectively. The mid segment closed on a flat note.
Kindly see below our Mutual Fund prices and returns as of today.
